Current Price: 190.400
Outlook: Bearish
Reasons:
– The pair has broken below the key support level of 191.000, indicating a potential downtrend.
– The Relative Strength Index (RSI) is below 50, suggesting bearish momentum.
– The Moving Average Convergence Divergence (MACD) is showing a bearish crossover, indicating a potential sell signal.
– The pair is trading below the 200-period moving average, which is a bearish sign.
Next Support Levels: 189.000, 188.000
Next Resistance Levels: 191.000, 192.000
Recommendation: Sell on rallies, target 189.000 and 188.000.