Daily 9EMA Contextual Clues for a Rollover
We are beginning to show a daily slope below the 9 EMA. This is encouraging for bearish action but still in the very early stages.
1.9330 - DS2 and trendline, this is the level shorts should be paying attention to. If it cracks downside pressure should ensue.
Below that, 1.93 psych barrier, 38.2% retracement and WS1 could act as the next magnet.
1.9330 - DS2 and trendline, this is the level shorts should be paying attention to. If it cracks downside pressure should ensue.
Below that, 1.93 psych barrier, 38.2% retracement and WS1 could act as the next magnet.