Pair’s bearish break from rising channel earlier this week if followed by breach of support at 1.3138 has opened doors for a revisit to and a possible break below 1.3059 (Aug 30 low) levels.
The daily MACD has turned bearish, which adds credence to the bearish view.
On the higher side, only a break above 1.3347 would signal short-term trend reversal.
The daily MACD has turned bearish, which adds credence to the bearish view.
On the higher side, only a break above 1.3347 would signal short-term trend reversal.
