Analyzing Potential Downturn: A Look at Key Resistance Levels
Hello Everyone,
The market has achieved a peak at 1.35420, and there appears to be potential for a downward movement. It's important to note that the previous one-year low was at 1.309275. Despite the current conditions, there is a bullish trend on longer time frames that is anticipated to continue. It is crucial to closely monitor how the price behaves around different resistance levels. Additionally, the weekly timeframe indicates an oversold situation. Exercise patience in this scenario and carefully observe the market dynamics.
TradeWithTheTrend3344
The market has achieved a peak at 1.35420, and there appears to be potential for a downward movement. It's important to note that the previous one-year low was at 1.309275. Despite the current conditions, there is a bullish trend on longer time frames that is anticipated to continue. It is crucial to closely monitor how the price behaves around different resistance levels. Additionally, the weekly timeframe indicates an oversold situation. Exercise patience in this scenario and carefully observe the market dynamics.
TradeWithTheTrend3344