Taking a look at the 15 min timeframe, price-action is clearly dropping lower with it's short-term trajectory towards the descending support level.
Additional bearish confirmations include; RSI below 50 suggesting bearing pressure in play along with price-action below the 200 SMA indicating the same likelihood.
For me, right now, there's zero reason to buy this pair especially knowing the fact we also have BOE on tap in the next 45 minutes at 7:00am EST.
Additional bearish confirmations include; RSI below 50 suggesting bearing pressure in play along with price-action below the 200 SMA indicating the same likelihood.
For me, right now, there's zero reason to buy this pair especially knowing the fact we also have BOE on tap in the next 45 minutes at 7:00am EST.
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