From my point of view this pair is starting a strong correction after a monster rally.
Finally price broke below important S/R level 2.400 with a decisive candle and gained stability below it. I expect this level to hold.
We have also a trendline broken and being retested.
MACD shows strong bearish momentum.
Im using as confirmation an interesting tool called "cyclone revolution", the EMA 8/13 cross is the confirmation for a sell.
Weekly chart is also strongly bearish:
Best regards.
Finally price broke below important S/R level 2.400 with a decisive candle and gained stability below it. I expect this level to hold.
We have also a trendline broken and being retested.
MACD shows strong bearish momentum.
Im using as confirmation an interesting tool called "cyclone revolution", the EMA 8/13 cross is the confirmation for a sell.
Weekly chart is also strongly bearish:
Best regards.
Trade closed: target reached
