Overview
Today, 4H chart show that yesterday's closing below the resistance level of 156.00 gives the price an opportunity for a bearish move. As shown here, currently, the price is trying to continue its bearish move by breaking the support level of 154.50 and closing below it. In that case, we may get another opportunity for more sell signals, and it opens the way towards 153.90, as the first target, and then the price should test the support level of 153.00 to continue its bearish move. But as long as the price stabilizes above the support level of 154.50, it cancels the first scenario.
Resistance and support levels: R3 (156.60), R2 (156.00), R1 (155.50), S1 (154.50), S2 (153.90), S3 (153.00).
The material has been provided by InstaForex Company - www.instaforex.com
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