hey traders,
As you can see on the 4H chart, price has now broken the uptrend and retested and rejected. It has been in an uptrend in 19th March, I know expect this pair after breaking the trend to continue down until the next support region which is 72.850 which will also be heading towards the 200 SMMA as another confluence.
If you look on the daily timeframe, you can see using the fib tool, that the 0.382 region also offers a key support area (highlighted in gold).. Could we see this pair head to the 71.000 region?
As you can see on the 4H chart, price has now broken the uptrend and retested and rejected. It has been in an uptrend in 19th March, I know expect this pair after breaking the trend to continue down until the next support region which is 72.850 which will also be heading towards the 200 SMMA as another confluence.
If you look on the daily timeframe, you can see using the fib tool, that the 0.382 region also offers a key support area (highlighted in gold).. Could we see this pair head to the 71.000 region?