Right now the price is trying to find a support level, but it swung too much to the downside, resulting in an order block. If price returns, we’ll reduce our stop and continue selling till we get our anticipated profit.
The support rests at 0.92910 with resistance at 0.93110. The pivot point at 0.93010 is located below the price line. The EMA of 10 is moving with bearish bias and it is above EMA of 200 and the EMA of 100. Stochastic is moving in low ranges and already generated a crossover buy signal. The RSI is moving toward the level of 70 and the ADX is showing a downtrend. The MACD histogram is in negative territory with the signals showing a downward momentum.

• There is resistance at 0.93110, followed by resistance at 0.93210 and 0.93310.
• There is support at 0.92910. Below, there is 0.92810 and 0.92710.

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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