The pair is trading within a strong 1D Channel Down ( RSI
= 34.726, MACD
= -0.120, Highs/Lows = -0.0831) for the past month. Currently the Lower High zone holds (red rectangle
) and should push the price towards a new Lower Low at 12.350. If 12.630 however breaks it will give a medium term bullish
reversal signal and we will target the 12.800 1D Resistance.
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