The pair is on a strong 1M Channel Down ( RSI
= 37.575, MACD
= 0.082, Highs/Lows = -0.1355) since the beginning of the year. We are expecting another test of the 3.7870 1D Support. Based on the RSI
(despite being a bullish divergence
) we are expecting a symmetric low outside the Channel. That should be the 3.7870 contact.
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