Forex_Academy

NEO in a Bearish Pennant Pattern

The NEO price started with losses on the Asian session today and the price is currently down in $ 38.29 after touching yesterday the level of $ 41 the pair is trading within a Bearish Pennant Pattern Formation, and we must consider that a breakout to the downside could be dangerous for the price that is very close to the minimums of last december/2017. If supports around $ 37 and $ 35 are broken, new lows below $ 30 could be seen.
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