Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish
The market is testing a major horizontal structure 0.546.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.543 level soon.
P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Great beginning for a trade, let’s hope it goes further!