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eyeseeart
Aug 7, 2023 6:21 AM

USD/BRL Short

USD/BRLFOREX.com

Description

FOREXCOM:USDBRL price is at a major resistance zone and seems to be forming a double top on the daily time frame. Price should start heading down. Worst case it breaks the daily zone and hits the Monthly descending trendline (red). Price is currently overbought on the RSI and Bollinger Bands so there is a high probability it will go down.
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