Trading idea:
Short to 1.1406 but risk is to high because it could reverse to the 1.1457 very sharp!
Support and resistance:
🔴 Resistance Levels:
1.14574 — the nearest key resistance level; a previous top and potential barrier for further upward movement.
1.14900 — the upper boundary of the current range; serves as a target if the price breaks above resistance.
🟡 Support Levels:
1.14046 — local support level, coinciding with a previously broken resistance zone; may act as a bounce point.
1.13572 — important support level that previously held back further downside movement.
1.13126 — major support level from which a strong bullish impulse previously started.
🔍 Additional Notes:
Price is currently testing a descending trendline and may form a local consolidation in the 1.142–1.145 area, with a possible breakout attempt.
RSI is pointing downward but still above the oversold zone — no strong reversal signal yet.
Volume has decreased, which may indicate accumulation before the next impulse move.
Short to 1.1406 but risk is to high because it could reverse to the 1.1457 very sharp!
Support and resistance:
🔴 Resistance Levels:
1.14574 — the nearest key resistance level; a previous top and potential barrier for further upward movement.
1.14900 — the upper boundary of the current range; serves as a target if the price breaks above resistance.
🟡 Support Levels:
1.14046 — local support level, coinciding with a previously broken resistance zone; may act as a bounce point.
1.13572 — important support level that previously held back further downside movement.
1.13126 — major support level from which a strong bullish impulse previously started.
🔍 Additional Notes:
Price is currently testing a descending trendline and may form a local consolidation in the 1.142–1.145 area, with a possible breakout attempt.
RSI is pointing downward but still above the oversold zone — no strong reversal signal yet.
Volume has decreased, which may indicate accumulation before the next impulse move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.