XMRUSD - Intraday - We look to Sell a break of 253.8 (stop at 260.1)
Bearish divergence is expected to cap gains.
Pivot support is at 254.3.
A break of bespoke support at 254, and the move lower is already underway.
A lower correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Our profit targets will be 235.5 and 230.5
Resistance: 265.0 / 270.0 / 275.0
Support: 260.0 / 254.0 / 250.0
Bearish divergence is expected to cap gains.
Pivot support is at 254.3.
A break of bespoke support at 254, and the move lower is already underway.
A lower correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Our profit targets will be 235.5 and 230.5
Resistance: 265.0 / 270.0 / 275.0
Support: 260.0 / 254.0 / 250.0
