Schedule "XO" step 0.50%:
On the senior chart, we observe an exclusively downward trend.
Shares are traded in a downward wave of a downtrend, which indicates the strength of the sellers.
The relative strength index is in the column "O", which also speaks of the pressure of the bears.
Continuation of the downward movement and overcoming the support of 0.724 will signal a double bottom for sale.
The initial target for sellers will be the mark of 0.713, with the approach to which it is recommended to close 1/2 of the total volume of short positions.
The main goal will be a support zone in the area of 0.703.
The point of protective suspension is the maximum of 0.743.
Trading recommendations:
Today, sales are recommended only after overcoming the support level of 0.724.