members of this honorable forum. The pair is trading in a downward direction below the moving average lines on a daily, 4 hour and 1 hour chart.
Now, the price will correct back to a higher level after the price received support from this level. Thus the price is considered to be bought in the near term
As for the preferred selling levels in the near term, they are as follows
Selling when the price reaches moving lines and the emergence of price action. The price of the pair is still under negative pressure again, and this is a continuation to its downward wave at the end of last week after negative news on the dollar, as we find that the price is currently moving in a downward wave in a fluctuating manner due to the form of price pressure On the quarter hour frame, in addition to that, the price is close to ending a pre-emptive harmonic pattern on which the bat is drawn on the chart attached to the analysis, where I expect the pair to reach at the end of the session today to the potential reversal zone. My advice to you is to respect the management of capital and place a stop loss order