The RSI is clearly clearly running in bear territory on short term trades but potential of a rebound is still in mind as it is headed towards a support zone coupled with the strong US data which is being released of late shows potential of a further bear market on the short run but bulls are expected to step in and defend the support area to push the pair back up on a run
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.