The price forms a trend reversal chart pattern like Head & Shoulders. If the price breaks the neckline, this pattern will be confirmed. The estimated target for the downward movement will be the zone between SMA200 and 3.45 support level.
Also, I advise you to read my other posts about this market. You can find them in the related ideas. It will give you better understanding about the possible market movement based on higher timeframes.
Also, I advise you to read my other posts about this market. You can find them in the related ideas. It will give you better understanding about the possible market movement based on higher timeframes.
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