There is still a bearish configuration on the daily chart, indicating that the momentum is still down. The RSI floats high supporting the notion that there is still room to run for this trend. In the shorter time frame there is a bullish cross forming on the 1 hour charts indicating that there might be a small bullish correction before the bearish move resumes. forex traders can maximize profits by selling on highs and taking advantage of a currently bearish trend.
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