[ad_1]

The pair is trading within a weak technical setup below the main downtrend, with price continuing to fail to break above the downtrend line, which keeps negative pressure on medium-term conditions.

The pair also faces a strong resistance area near the 1.8500 level, while the MACD indicator is noticeably weaker, which supports the possibility of continued declines in the period ahead.

📉 Sales scene
Stability below the downtrend supports continued decline towards the 1.8185 level as the first target, followed by 1.7495 as the main target.
📈 Alternative scenes
A breakout of the downtrend and hold above 1.8500 could push the pair towards a temporary upward correction and delay negative scenarios.

Login method
It is best to wait for fresh confirmation from the MACD indicator as the trade continues below the downtrend before entering a sell while maintaining appropriate stops above the resistance.

[ad_2]

Source link