The presence of bears in the chart is palpable as the pair makes lower low continually.
The recent rally in the was capped by the resistive trendline.
And the RSI indicator hit the 70 level mark and made a double top pattern.
Hence, we expect the trendline to hold and the pair to slide towards the support level of 1.11129.
The recent rally in the was capped by the resistive trendline.
And the RSI indicator hit the 70 level mark and made a double top pattern.
Hence, we expect the trendline to hold and the pair to slide towards the support level of 1.11129.