Technical analysis: The price is still in a downtrend below 1.25
It has just bounced off the institutional support at 1.24
We could expect the beginning of a bullish retracement towards 1.25 or 1.26.
But we'll be keeping an eye on the possibility of the downtrend continuing towards 1.23.
It has just bounced off the institutional support at 1.24
We could expect the beginning of a bullish retracement towards 1.25 or 1.26.
But we'll be keeping an eye on the possibility of the downtrend continuing towards 1.23.