Daily outlook
The continued downward market structure has put pressure on the 0.7620 support level.
with a higher time frame close of a 4-hour candle below our support line may provide added confirmation to enter a sell to previously reasonable demand zones.
If market price is able to pull back into our trend, we may look to go long and continue a push back towards previous highs.
No major catalysts in fundamental data for the day, allow us to look at technical information strongly.
The continued downward market structure has put pressure on the 0.7620 support level.
with a higher time frame close of a 4-hour candle below our support line may provide added confirmation to enter a sell to previously reasonable demand zones.
If market price is able to pull back into our trend, we may look to go long and continue a push back towards previous highs.
No major catalysts in fundamental data for the day, allow us to look at technical information strongly.