https://getknowtrading.com/intraday-...ember-08-2020/
The price is on a slow pace heading down since yesterday when the market opened. It is still inside a small range between $1.18398 and $1.17842, but the price has managed to break below 4H trend line support.
The next step for the price is to break below $1.17842 support level which is the lower level of the small range area.
While the price has a support level in front that must be broken and that could hold the price for a while, the target could be reached this week.
If the price reaches the $1.17000 level we could see the price bouncing while the support level is the level that is holding the price above since the end of July.
The price is on a slow pace heading down since yesterday when the market opened. It is still inside a small range between $1.18398 and $1.17842, but the price has managed to break below 4H trend line support.
The next step for the price is to break below $1.17842 support level which is the lower level of the small range area.
While the price has a support level in front that must be broken and that could hold the price for a while, the target could be reached this week.
If the price reaches the $1.17000 level we could see the price bouncing while the support level is the level that is holding the price above since the end of July.