My previous signal on 15th February was not triggered as the bullish price action took place below the support level which I had identified at $0.6886.
was looking more bearish after breaking down below $0.6950, and the price seemed to be heading for the nearest support level at $0.6886.
Today, although the price has continued a downwards trend over the past week or so, albeit with deep bullish retracements, which is shown within the price chart below. The price is currently near to the resistance level at $0.6847, withAs $0.6850 looks so pivotal, and as we may be seeing the start of a stronger bullish recovery of risk sentiment,
, but any downwards movement is likely to be relatively choppy so could be a more difficult trade to stick with.
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