The term “risk off” is used to describe the risk sentiment where traders and investors in the financial market reduce their exposure to risk and focus on protecting their capital.
Below 0.7195 supports a bearish trend direction. Crossing above this level will negate the bearish trend.
It would appear that the 200-day acted as some major resistance.
A break below 0.7055 might target 0.6960.
A break above 0.7150 will be the first sign of some strength returning.
Below 0.7195 supports a bearish trend direction. Crossing above this level will negate the bearish trend.
It would appear that the 200-day acted as some major resistance.
A break below 0.7055 might target 0.6960.
A break above 0.7150 will be the first sign of some strength returning.