- Chart Trend = Gradual movement downward indicating that the trend is building momentum for drastic fall downward.
- MACD = Pointing downward, supporting the trend to fall further.
- Stochastic = Pointing upward, maintaining the short-term resistant for the pair not to fall too quickly.
- Overbought = The previous overbought position at 0.9500 re-enforce the need for correction downside.
If the above condition failed to materialize and the resistance is able to defend itself until MACD switch direction upside. Then the shift of power to Bullish might be more imminent.
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