The counter has completed its short-term correction in the form of ABC wave.
And the price zone around 109 seems to be a tough nut to the pair. The same zone offered resistance during the downtrend and now during correction.
Further, it has formed a small double top pattern at the top (resistance zone).
Hence, we expect the pair to resume its downtrend from here.
And the price zone around 109 seems to be a tough nut to the pair. The same zone offered resistance during the downtrend and now during correction.
Further, it has formed a small double top pattern at the top (resistance zone).
Hence, we expect the pair to resume its downtrend from here.