On the H4, the price is strongly moving up a trend line with a bearish bias. The Ichimoku indicator is still being respected, and a strong downward momentum has been confirmed. The first resistance, which is the entry point for a sell at 134.233, is expected to be tested.
MACD is showing Bearish wave on going, MACD bars are turning light green
• There is resistance 134.390, followed by resistance at 134.630 and 135.090.
• There is support at 134.960. Below, there is 133.349 and 130.407.
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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