I expect a breakout of the bearish microchannel to create a Higher high that would follow the reversal of the long trend. The negative cumulative delta is really extreme, so the price could continue falling, but the unfair high that we have in levels of 1.0817 makes me suspect that we need a higher high to reverse the trend.
Trade with care
Trade with care
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Key levels to watch 1.0855 and 1,0891 spot