The last uptrend has ended in the 1.3746 range and the price has started a downtrend, the convergence in the RSI is obvious, by crossing the price from the range of 1.3446 we can get the main confirmation for the decline up to the range of 1.3132.
Needless to say, we must note that according to the descending scenario, in the weekly time frame the price reduction is very long term.
The range of 1.3850 is very critical; this analysis will be violated by crossing the price from this range
Needless to say, we must note that according to the descending scenario, in the weekly time frame the price reduction is very long term.
The range of 1.3850 is very critical; this analysis will be violated by crossing the price from this range
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