We are on our long level of the month, but will not take the long at the present time, due to commodities price action, don't believe in the long. Expecting lower side before a bounce, we could play the long after we are certain of a bottom.
MACD crossed, same for RSI, prices are going to go downside, we can imagine that prices are on the way to the EMA 200 arround 0.9180 before a bounce.
The current trend is bearish, we are working under the cloud, et the two sen have already crossed. We also crossed the yearly channel(channel from July 2007). On monthly candlestick formation are very bearish, like if we reached a top.
I prefer to stay outside.
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