Pair’s failure near 110.80 levels despite the bullish price RSI divergence on the 4-hour chart, suggests increased likelihood of a break below 110.00 levels and drop towards 109.40 levels.
Only a daily close above 111.60 would signal short-term bearish invalidation and lead to sideways action.
Only a daily close above 111.60 would signal short-term bearish invalidation and lead to sideways action.
