The failed test just below 0.7070 resistance is triggering a return to short term bear trending action. Selloffs after the close has the market poised for declines today and close under 0.6832 implies a bear wave to 0.6681. Any corrective congestion capped under 0.6986 should bear flag a setup for selloffs. A close over 0.7090 (SAR) is needed to reject Monday’s downturn.
Last Updated Date: 12 May 2022 @ 7:07 AM (UTC)
*Please note that all the dates are in GMT time zone
