The counter is currently in his last leg of bearish correction- wave 3.
Further it has tested the resistance of 121.369 and unable to clear it. Now, it has formed a rejection candle at the resistance, which is a weakening sign.
Hence, we expect the pair to be bearish in the short-term and move to the support levels of 119.992 and 119.218.
Further it has tested the resistance of 121.369 and unable to clear it. Now, it has formed a rejection candle at the resistance, which is a weakening sign.
Hence, we expect the pair to be bearish in the short-term and move to the support levels of 119.992 and 119.218.