The price is moving sideways for some time now but wasn’t able to reach the 1223 resistance level again, so, a bearish movement was expected. Today’s bearish candle has broke the support from 1162 but looks like that was a false break because the price is trading above this level. We have a major support at 1142 and I think that the price will approach this level very soon. The US dollar is very strong lately, so, this decrease is understandable.


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