The pair is coming off a recent lower high, signaling a potential shift from the previous bullish trend. A minor pullback has formed near the 156.90 support zone, which aligns with prior structural levels.
RSI hovers near neutral (40-50), suggesting that momentum has cooled but not yet oversold. This indicates a wait-and-see phase before the next directional move.
The MACD histogram is firmly in bearish territory, confirming downward momentum. However, the histogram is narrowing, which could point to weakening bearish pressure.
A bounce off 156.90 coupled with bullish divergence on the RSI or MACD would indicate a potential reversal back toward resistance at 158.00 or higher. If price breaks below 156.90, expect a move toward 154.60, with bears likely targeting this zone.
RSI hovers near neutral (40-50), suggesting that momentum has cooled but not yet oversold. This indicates a wait-and-see phase before the next directional move.
The MACD histogram is firmly in bearish territory, confirming downward momentum. However, the histogram is narrowing, which could point to weakening bearish pressure.
A bounce off 156.90 coupled with bullish divergence on the RSI or MACD would indicate a potential reversal back toward resistance at 158.00 or higher. If price breaks below 156.90, expect a move toward 154.60, with bears likely targeting this zone.
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🚀 Unlock Freemium Indicators, In-Depth Technical Analysis, and Daily Economic Insights –> Join Our Exclusive I.R.M.O.C. Community on Telegram Today! LINK BELLOW 🚀
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.