We use a range of cookies to give you the best possible browsing experience. Or, read more articles on DailyFX. We have not taken any steps to verify the accuracy, quality or reliability of any products, information or services provided by third parties that have links on our website. The bullish price action needs alot of "mojo" to break above the red critical level. Yes No Please fill out this field.
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This movement has been bounded in a short-term descending channel. From a theoretical point of view, the general direction is expected to be south—the exchange rate should target the lower boundary of We are now expecting the next Higher High near 3.
Wait for the price to form a continuation pattern and watch strong price action for sell. This movement has been bounded in a descending channel. Given that the rate is supported by the — and hour SMAs, currently located near 3.
If given channel does not hold, a breakout north E-Mail Please enter valid email. Phone Number Please fill out this field.
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