the pair is still bearish and rejected from the demand zone at 1.2460 , so there is a possibility of a correction continuation toward 1.2514 / 1.2552 levels first before the bearish continuation and the fall of price .
a break under our demand zone (1.2460 ) will probably take the price to deeper price levels mainly at 1.2418 / 1.2377 .
so in general the price is still bearish and so i'll only be looking for sell in the current conditions .
this is not a signal but my own view of the market , make sure to do your own home work before executing your order .
please support this idea by liking it and commenting bellow , and if you are a new commoner make sure to follow so you don't miss any future upcoming updates .
a break under our demand zone (1.2460 ) will probably take the price to deeper price levels mainly at 1.2418 / 1.2377 .
so in general the price is still bearish and so i'll only be looking for sell in the current conditions .
this is not a signal but my own view of the market , make sure to do your own home work before executing your order .
please support this idea by liking it and commenting bellow , and if you are a new commoner make sure to follow so you don't miss any future upcoming updates .
Note
the price change it's character by breaking above the down trend , the analysis is called off for now .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.