The pair is heading downward once again, having reflected from the level of 1.1440. We believe that the level 1.1310 will be tested again soon. Currently the pair has found a support there. Stochastic has not yet left the overbought zone, but it already crosses.
MACD is still in the negative zone, and we can expect that the pair will continue its downward movement, so we recommend looking for points to enter short positions. Our goal is at the level of 1.1310 where we set the Take Profit.
MACD is still in the negative zone, and we can expect that the pair will continue its downward movement, so we recommend looking for points to enter short positions. Our goal is at the level of 1.1310 where we set the Take Profit.