Trade Suggestion:
Technical Analysis
- Price to continue its downtrend after bounce off trendline resistance level
- D1 Timeframe shows price trading within descending triangle and has show bearish bias from touching its resistance
DXY Dollar Index beginning to show some weakness after bullish surge
Technical Analysis
EMA Bearish cross of 10EMA & 50 EMA adds bearish confluence
- Broken support has held price before, showing rejection in the past
- Price has broken H4 support structure and has retested its level
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