Overview
As it was expected yesterday, the price closed 4H below the support area of 171.50 and gave a new opportunity for more bearish signals today. As shown, the price has already broken 171.50 and now is testing the support level of 171.00. Closing below this level again may give us more sell signals till the price tests the support level of 170.50. So we can consider our first target a few pips above this support level then 170.00 as the second level. But we should wait for breaking 171.00 and closing 4H below before making a decision. But the price's closing above the support level of 171.00 cancels the bearish scenario.
Resistance and support levels: R3 (172.50), R2 (172.00), R1 (171.50), S1 (171.00), S2 (170.50), S3 (170.00).
