- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- The activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 1.385, and the second one, in case of an active price increase, is at the level - 1.387
Chart & Analyst Comments
