There are signs of weakness appear on each of ADX and RSI indicators, and these signals are supportive for the possibility of more bearishness. However, at the same time, we stress that the negativity requires a breaking 1263.00 support level, presented by 61.8% Fibonacci retracement, which has also resides near simple moving average 20, trading back above 1280.00 will weaken negative prospect.
- Support: :1263.00 – 1251.00 – 1240.00
- Resistance: 1275.00 – 1281.00 – 1292.00
Direction: Bearish below 1262.00, targeting 1252.00 and 1240.00 as long as the price trading below 1280.00
Tags:
