Hello Naked Traders.
Today was broken downward 1.6100 level, in line with the short-term trend that sees the couple depreciate. The weekly chart also shows a clear price action short signal and today daily chart is confirming the sell bias of the last period. The price has tried to overcome the 1.6200 key level but without strength collapsed closing the daily candle with a “bearish pin” really indicative of the fact that the bears are controling this market right now.
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