Pair appears on track to take out 110.00 levels.
Such a move would trigger stops, leading to a quick fire drop to anywhere between 109.72 (monthly classic pivot support 2) and 109.40.
But, beware the spot could make a quickly retake 110.00 handle as the daily RSI is oversold for the first time since July 2016.
The ADX line has bottomed out and is pointing upwards, which suggest the bearish move is gaining strength.
Such a move would trigger stops, leading to a quick fire drop to anywhere between 109.72 (monthly classic pivot support 2) and 109.40.
But, beware the spot could make a quickly retake 110.00 handle as the daily RSI is oversold for the first time since July 2016.
The ADX line has bottomed out and is pointing upwards, which suggest the bearish move is gaining strength.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.