Just about 2 months back, we have seen the breakdown of the 1.84 support level with some signs of a downtrend in formation…
Therefore, some downside targets were drawn as seen below…
Seems like we are still in the midst of playing out towards the target….
Would also want to be cautious of more weakness below 1.70 again…
See what was spotted then…
We are currently approaching the 1.68 - 1.70 support soon as drawn above….
Some short covering expected….
But downside may not be over on more bearish price actions… cautious..
See targets that were reiterated again last week…
We actually saw some BEARISH signals on the PTI system before more selling happened….
No exits… PTI grads can check…
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