1Finance

Daily price is on bearish breakdown to be started on open D1 bar for now: the price is testing 1.1001 support level to below for the bearish breakdown to be continuing.

• Chinkou Span line is located below the price for the bearish market condition by the breakdown by the direction.
• Absolute Strength indicator is estimating the primary bearish trend to be started after ranging bearish condition.
• Trend Strength indicator is evaluating the trend as the primary bearish in the near future.

If the price breaks 1.1001 support level to below on close D1 bar so the bearish trend will be continuing up to 1.0911 level as a target to re-enter.
If the price breaks 1.1186 resistance level to above on daily close bar so the bear market rally will be started.
If not so the price will be on ranging bearish within the levels.