Schedule "XO" step 0.50%:
On the senior chart, we observe an exclusively downward trend.
The pair is trading in a downward wave of a downtrend, which indicates the strength of the sellers.
The relative strength index is in the column "O", which also speaks of the pressure of the bears.
Earlier, overcoming the support level of 0.99 signaled a double bottom for sale, thereby changing the main trend to a downtrend.
The initial goal for sellers is the mark of 0.96, with the approach to which it is recommended to close 1/2 of the total volume of short positions.
The main goal will be a support zone in the area of 0.94.
The protective stopping point is the maximum fluctuation of 1.001.
Trading recommendations:
It is recommended to hold short positions.
