Bearish:
1. Valid uptrend line in red violated
2. Dead cross on Oct 27
3. Growing bearish momentum seen on MACD histogram
Price could drop to next support level at Fibonacci level 1.618 at 0.715.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
1. Valid uptrend line in red violated
2. Dead cross on Oct 27
3. Growing bearish momentum seen on MACD histogram
Price could drop to next support level at Fibonacci level 1.618 at 0.715.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.