CROUSD - Technical short term downtrend (15m chart) - 003
Since 09Mar, CROUSD has been trading mostly sideways, with Bollinger band tightening.
Trading band in a descending triangle pattern with the upper downtrend line (formed with Nov21 and Mar22 highs) and immediate support line of 0.37. Poised for breakout or breakdown by 18Mar.
After which, we look to the 0.35 support line if breakdown below 0.37, or using resistance-turned-support downward trendline as a guide
Trading band in a descending triangle pattern with the upper downtrend line (formed with Nov21 and Mar22 highs) and immediate support line of 0.37. Poised for breakout or breakdown by 18Mar.
After which, we look to the 0.35 support line if breakdown below 0.37, or using resistance-turned-support downward trendline as a guide
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