Channel sell off analysis.
The pair has been shifting between support and resistance within a a straight channel. The price that was previously a resistance line was breached as high support for this sell off sentiment back to bottom support
MACD/SIGNAL have crossed to add confirmation correlating with RSI coming out of the overbought zone.
TP one at first pivot point at 1.93500. A breach will continue to 1.92500 for TP 2.
Please comment with thoughts and ideas. Thank you.
The pair has been shifting between support and resistance within a a straight channel. The price that was previously a resistance line was breached as high support for this sell off sentiment back to bottom support
MACD/SIGNAL have crossed to add confirmation correlating with RSI coming out of the overbought zone.
TP one at first pivot point at 1.93500. A breach will continue to 1.92500 for TP 2.
Please comment with thoughts and ideas. Thank you.