The price formed a bearish divergence, which gives us a trend reversal signal not far from 1.32000 resistance zone. MACD and DMI are bearish, and we can expect a downward movement.
If the price tries to break 1.32000 resistance one more time, it will be good. A new reversal signal from this zone will give us a good entry point for selling. The price has the potential to reach SMA100 and 1.28000 support.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price tries to break 1.32000 resistance one more time, it will be good. A new reversal signal from this zone will give us a good entry point for selling. The price has the potential to reach SMA100 and 1.28000 support.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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