The pair is in a correction
At the moment we observe that the price is in a correction and technical indicators are trying to turn around. Although the price is still in the lower Bollinger band, and Stochastic is still in the oversold zone.
We believe that the price will go to the level of 1.14, which is the next resistance level. In case of breaking through this level, the price may move to the level of 1.1440. However, we expect a rebound from these levels and the resumption of the downward movement for the pair. Therefore, we advise you to look for points to enter short positions at the aforementioned levels. Consider your goals at the marks of 1.1330 and 1.1290
We believe that the price will go to the level of 1.14, which is the next resistance level. In case of breaking through this level, the price may move to the level of 1.1440. However, we expect a rebound from these levels and the resumption of the downward movement for the pair. Therefore, we advise you to look for points to enter short positions at the aforementioned levels. Consider your goals at the marks of 1.1330 and 1.1290
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