The daily timeframe looks bullish, but the lower timeframe like the 1H is going to provide us a sell opportunity. The price reached the local support zone formed by 0.67800 and 0.67900 resistance.
If the price bounces, it will be possible to think about selling. In order to get an additional signal confirming the further downward movement, it will be better to get a breakout below the local uptrend line.
RSI confirmed the price reversal from the resistance zone. MACD histogram supports the downward movement. We have bearish signals, and they can be used for opening sell trades. If the price breaks the resistance zone, the next target for buyers will be at 0.68400 resistance. This zone also will be good for selling based on a confirmed reversal signal.
If the price bounces, it will be possible to think about selling. In order to get an additional signal confirming the further downward movement, it will be better to get a breakout below the local uptrend line.
RSI confirmed the price reversal from the resistance zone. MACD histogram supports the downward movement. We have bearish signals, and they can be used for opening sell trades. If the price breaks the resistance zone, the next target for buyers will be at 0.68400 resistance. This zone also will be good for selling based on a confirmed reversal signal.
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