The market keeps falling. Yesterday, we could see an attempt to bounce from 1.27000 support level but this attempt failed. Now the price breaks the support and we have a strong bearish signal. In spite of RSI reached the oversold zone, MACD and DMI support the further downward movement and the strength of sellers.
It looks like the market is going to reach 1.25000 support zone and this zone will be able to become a local bottom. If the price bounces from 1.25000, we should be ready to see the correction movement which also can be used for buying.
It looks like the market is going to reach 1.25000 support zone and this zone will be able to become a local bottom. If the price bounces from 1.25000, we should be ready to see the correction movement which also can be used for buying.
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