I am seeing multiple rejection since last week daily closes
Currently 1.1250 acting as resistant region
while 1.1180 act as support area
A solid daily close below 1.1180 area will open price to retest previous lows of 1.10xx area
A very good R:R SELL trade can be executed here with SL somewhere above the resistant zone with decent buffer
Traders/Investors are always advised to DYODD Do Your Own Due Diligence on our following analysis outlook.
These are NOT trade BUY/SELL/HODL call out, but outlook to align my view of the market to your own trade analysis.
These are merely based on our TA Technical Analysis , FA Fundamental Analysis and SA Strategy Analysis.
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