A minor adjustment in the trend channel from last week.
The resistance level at 1.06 have held, resulting in a bear candle on Friday.
The bear candle supports the trend plus the resistance. While the pair may show signs of weakness, watch for the key support at 1.038 to 1.04 area.
The resistance level at 1.06 have held, resulting in a bear candle on Friday.
The bear candle supports the trend plus the resistance. While the pair may show signs of weakness, watch for the key support at 1.038 to 1.04 area.