Already going down a visible falling channel on the D1. A retest is expected on present support turned resistance level before continued plummeting to the downside.
Trend from the monthly, weekly, daily and 4 hourly has been bearish, however a momentary bullish move on the 1 hourly. At price position of 1.08408, there is a significant zone, you can see the resistance line which also shows tendency of price to reverse and continue its bearish trend in the falling channel.
On M30, an inverted hammer has been imprinted,...
