Technical outlook: Bearish
- Price exhausted at trend line resistance, retained within current bearish channel pattern
- 1.30 retracement level targeted (psychological, FR 38.2 from 1 Oct run, FR 61.8 from 16 Oct)
- Dollar weak and currently technically structured lower
- Price exhausted at trend line resistance, retained within current bearish channel pattern
- 1.30 retracement level targeted (psychological, FR 38.2 from 1 Oct run, FR 61.8 from 16 Oct)
- Dollar weak and currently technically structured lower
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