🔸WEEKLY CHART EXPLANATION: . . 🔸As we can observe, this pair has been on a downtrend since 2017. . 🔸It has recently retested the Descending Trendline, and left some strong bearish candles. . 🔸Each time price touched this trendline, it did a downside move, so, we expect the same now. We consider that this pair has potential to make a downside move towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup.
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.