The daily chart shows a correction to retracement
level of 1.16845/1.14849/1.12854.
The correction can end either by hitting oversold
zone on RSI or by exiting RSI 50 mark now.
The 23.6% offer support and if the same is not violated
then expect a swing bottom process to test back
the recent peak to higher level as mentioned
in earlier macro update.
level of 1.16845/1.14849/1.12854.
The correction can end either by hitting oversold
zone on RSI or by exiting RSI 50 mark now.
The 23.6% offer support and if the same is not violated
then expect a swing bottom process to test back
the recent peak to higher level as mentioned
in earlier macro update.