Taking a look at the daily chart, we can clearly see a huge resistance area which it has failed to break 5 times.
If we zoom out to to the weekly, we can see it to be in a steady bearish trend which it has come to a resistance line.
Coming close to the over bought on the RSI is another indicator we have reached a pivot point which the price is struggling to break after many failed attempts of breaking. The bears having the power after another retest could see the pair hugely descend.
If we zoom out to to the weekly, we can see it to be in a steady bearish trend which it has come to a resistance line.
Coming close to the over bought on the RSI is another indicator we have reached a pivot point which the price is struggling to break after many failed attempts of breaking. The bears having the power after another retest could see the pair hugely descend.
