The tendency of the price in the downtrend on the current chart after the price tested the resistance level of 1789.00 and closed below the price making the movement dominated by the downtrend.
Now the price which is in the small support area at 1777.00 shows a horizontal movement after the price earlier this morning broke the support area yesterday.
From this reaction, the price is likely to be able to continue the downtrend for today and here I attach the nearest support and resistance levels to see the potential of the current movement:-
R1: 1783.00
R2: 1789.00
R3: 1799.0
S1: 1777.00
S2: 1771.00
S3: 1761.00
Trading is currently encouraged to look at a low timeframe to see the best trading potential to buy or sell. All these trades need to be done using the amount of "initial capital" that is willing to risk.
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