The price of this currency pair is currently on the border of the support level on the H1 chart. The target price is placed on the border of the next support and the stop loss is placed above the border of resistance. The price made a lower high and even looking at the higher time frame we can see that there is a lot of selling pressure. The support level that is currently being tested has been tested and broken in the past, so we assume that a break may occur and we will now see it as an opportunity for a sell trade.
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