Based on the chart, we can see a strong rejection of price on the 8th of July and even we do not see any reaction from the buyers on the next day(9th). This event can be good sign of sellers strength on the market. Also on the other hand, we can see a weakness on buyers at Friday(9th of July).
So based on this scenarios, I have bearish bias for this currency pair for the following week.
** This scenario will be valid until price stay lower than 0.9150.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
So based on this scenarios, I have bearish bias for this currency pair for the following week.
** This scenario will be valid until price stay lower than 0.9150.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!