We have seen an extended rally.
Post rally the price has made numerous attempts to cross the resistance region of 123 - 124 but has failed to do so; which decreases the possibility of a price breaking the region and setting a new resistance region in the near future.
Based on the price action if it crosses 121.500 with a momentum we can think about entering in to a short position.
Post rally the price has made numerous attempts to cross the resistance region of 123 - 124 but has failed to do so; which decreases the possibility of a price breaking the region and setting a new resistance region in the near future.
Based on the price action if it crosses 121.500 with a momentum we can think about entering in to a short position.