The counter is currently in a near-term bear cycle.
It has completed its wave 4 and wave 5 is due, as indicated in the chart.
Further it has broken a critical support level which has now turned into resistance.
Hence, we expect the pair to head to the next support level at 109.146.
It has completed its wave 4 and wave 5 is due, as indicated in the chart.
Further it has broken a critical support level which has now turned into resistance.
Hence, we expect the pair to head to the next support level at 109.146.