The fall can continue
After a strong fall, prospects are not the best. The price will continue the long-term downtrend and after a sharp fall and correction we see that a further fall is possible.
The price found the support level at 6.165, however it could not move far from this level.
Therefore, we recommend taking short positions and expecting that the price will update the annual lows by going to the levels of 6.000, 5.800 and earlier levels.
The price found the support level at 6.165, however it could not move far from this level.
Therefore, we recommend taking short positions and expecting that the price will update the annual lows by going to the levels of 6.000, 5.800 and earlier levels.
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