• The pair's overnight attempted bounce quickly ran out of steam near the very important 200-day SMA, with bears now eyeing a retest of 3-1/2 month lows set in the previous session.
• Given the recent bearish break through a near three-month-old ascending trend-line, the price action now seems to suggest that the near-term selling pressure might still be far from over.
• Bearish oscillators on daily/4-hourly charts add credence to the negative outlook, though slightly oversold conditions on the 1-hourly chart might help limit further losses, at least for now.
• Hence, it would be prudent to wait for a minor pullback/some consolidation before traders start positioning aggressively for an extension of the near-term depreciating move.
|Today last price||0.6684|
|Today Daily Change||-0.0043|
|Today Daily Change %||-0.64|
|Today daily open||0.6727|
|Previous Daily High||0.6776|
|Previous Daily Low||0.6667|
|Previous Weekly High||0.6783|
|Previous Weekly Low||0.6713|
|Previous Monthly High||0.6939|
|Previous Monthly Low||0.6744|
|Daily Fibonacci 38.2%||0.6709|
|Daily Fibonacci 61.8%||0.6734|
|Daily Pivot Point S1||0.6671|
|Daily Pivot Point S2||0.6614|
|Daily Pivot Point S3||0.6562|
|Daily Pivot Point R1||0.678|
|Daily Pivot Point R2||0.6832|
|Daily Pivot Point R3||0.6889|
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