In our past analysis, we anticipated the price to break the trendline before entering a consolidation phase. Instead, the price got rejected big time at the resistance level.
For next week we will expect the pair to continue the downtrend and break the low. Afterwards we foresee a reversal to occur.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For next week we will expect the pair to continue the downtrend and break the low. Afterwards we foresee a reversal to occur.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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