The #pair has been moving in an uptrend during the previous periods. On the daily timeframe, we notice that the #price is facing a strong resistance area that it has bounced off #several times previously. With the #RSI indicator breaking above the 70 level on the same timeframe, we also note that the #OSMA indicator is giving a bearish correction signal.
On the 4-hour timeframe, we also see what confirms the analysis of the Forex Trade Time team on the daily timeframe. Here we see that the RSI indicator has shown a clear bearish #signal, as well as the OSMA indicator, and the #price has started to retrace to make a bearish correction. Potential downside opportunities may appear that can be captured to achieve successful targets while maintaining a moderate risk level.
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