The break below 1.0700 today, driven by negative sentiment, certainly raises some concerns. However, it's interesting to note that the market has found temporary support around 1.0668. As many of you can see, resistance lies at the previously broken support area of 1.0720/30, and a failure to push higher from here could lead to further downside pressure.
On the other hand, if bulls manage to stage a stronger recovery, they may encounter resistance around 1.0765.
With bears potentially eyeing the 1.0650/43 area or lower, it's important to exercise patience and allow the market to consolidate before considering new positions.
I should close for today, the weekend is coming! I wish you a great restfull weekend full of fan! See you!
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On the other hand, if bulls manage to stage a stronger recovery, they may encounter resistance around 1.0765.
With bears potentially eyeing the 1.0650/43 area or lower, it's important to exercise patience and allow the market to consolidate before considering new positions.
I should close for today, the weekend is coming! I wish you a great restfull weekend full of fan! See you!
You can follow me from my profile so you don't miss any of my posts
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