This pair has formed a bearish structure which needs to be paid more attention.
The support rests at 133.07 with resistance at 133.28 which the Pivot Point at 133.20 is located above the price line. Also, the price is moving in the first support area. The EMA of 10 is moving in bearish bias in descendant channel and it is above EMA of 200 and the EMA of 100 which are showing a bullish trend. The RSI is moving in oversold area, the MACD histogram is in negative territory. The Stochastic is moving in low ranges and the ADX is showing an upward momentum. The price is below the Ichimoku Cloud and the Chinkou Span far away the market price. The Tenkan-sen and the Kijun-sen both are showing a downward momentum.

• There is resistance at 133.28, followed by resistance at 133.41 and 133.49.
• There is support at 133.07 Below, there is 132.99 and 132.86.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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