Hence, the market is indicating a bearish opportunity below 1.2969 so it will be good to sell at 1.2969 with the first target of 0.9965. It will also call for a downtrend in order to continue towards 1.2796. The daily strong support is seen at 1.2796. On the other hand, the stop loss should always be taken into account, for that it will be reasonable to set your stop loss at the level of 1.3057.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Mourad El Keddani,
InstaForex Group © 2007-2021
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