Next Levels to watch
Watching the last 24 hours closely, we could see a retest of the trend here, this would be the point i would be inclined to see a swing up, but of course it all depends on what's happening in the real world.
The RSI on the 4-hour chart it still below 40 which suggests that the bearish move is holding. On the downside, 1.2950-1.2940 forms a strong support area ahead of 1.2900
If it manages to rise above 1.3000 and stabilizes there, sellers could be discouraged. In this scenario, 1.3050 (static level) could be seen as next resistance before 1.3100.
The RSI on the 4-hour chart it still below 40 which suggests that the bearish move is holding. On the downside, 1.2950-1.2940 forms a strong support area ahead of 1.2900
If it manages to rise above 1.3000 and stabilizes there, sellers could be discouraged. In this scenario, 1.3050 (static level) could be seen as next resistance before 1.3100.
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