There is local resistance set at 1.37-1. 40 and local support set around 1.29.
What I see/ Entry signals – First I am looking to see if the is confirmed. To do this I am looking for a price to establish a new low both below 1.29 and somewhere around 1.25. If this is the case I will look toward the next for a potential reversal (1.20-1.23).
Overall while the trend is not yet confirmed we can predict that price will continue to fall as price has set two lower lows and highs.
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