🔸 DAILY CHART EXPLANATION:
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🔸 Price bounced at the Ascending Trendline some weeks ago.
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🔸 However, we can see that the bounce was very week, and it has been broken to the downside.
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🔸 The target of the downside move is the Support Zone at 1.5900. Be careful with the middle support at 1.6600.
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🔸 Will look for lower timeframe bearish setup.
🔸4H CHART ANALYSIS:
.
.
🔸 Price bounced at the Ascending Trendline some weeks ago.
.
🔸 However, we can see that the bounce was very week, and it has been broken to the downside.
.
🔸 The target of the downside move is the Support Zone at 1.5900. Be careful with the middle support at 1.6600.
.
🔸 Will look for lower timeframe bearish setup.
🔸4H CHART ANALYSIS: