WTI is trending lower, and RSI is also falling, suggesting the price bias is to the downside.
The pair bounced higher from 0.9758 in the wake of sharp decline during last days, we expect retracement move
Prices pulled back with the beginning of trading day to uptrend of the ascending channel from level of 0.7405
Currently the pair is moving in sideways range between support at 1.3575 and resistance at 1.3670.
The pair has pulled back during yesterday after failing to penetrate resistance level at 1.1170 reaching support at 1.1080.
Prices has risen today for testing the broken uptrend then pulled back again
The index has fallen sharply breaking the pattern that we have mentioned
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