The pair is trading on a multi month 1M Channel Down ( RSI
= 35.185, MACD
= -0.898, Highs/Lows = -0.7368). The price is now on the 1D MA50 (blue line) which since May 2019 has always initiated a new bearish
leg. Since the 1D RSI
is also approaching the usual 65.60 Sell Level, we are expecting a decline. Our Target is 30.000.
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