A price action below 69.00 supports a bearish trend direction.
Expect further downside potential for a break below 68.00.
The downside target price is set at 66.00 (just below its 50% Fibonacci retracement level).
The stop-loss price is set at 72.00.
Testing major support (see the black dotted trendline).
Downside price momentum supports the bearish trend direction.
Remains a risky trade.
Expect further downside potential for a break below 68.00.
The downside target price is set at 66.00 (just below its 50% Fibonacci retracement level).
The stop-loss price is set at 72.00.
Testing major support (see the black dotted trendline).
Downside price momentum supports the bearish trend direction.
Remains a risky trade.