The present scenario of and some major seems to be a bit dull as they are witnessing a downtrend within their values.
As far as the is concerned, it witnessed a really astonishing downshift in their price when the /USD broke the 5,400 margins and moved directly close to USD 5,350, which is a major downfall. The price, as of now, seems to be in a deep struggle near the 5,400 value.
The price of seems to be witnessing a really strong resistance within the USD 5,4000-USD zone. However, the price value might be revisited by the as the next key resistance is more than the 5,440.
Speaking about the present major support, it is at USD 5,350. However, there is again a risk anyway, that if there are any more losses, the support might move down to USD 5,260.
All about
, however, showed some potential and managed to stay above the USD 160 support, even after yesterday’s decline. The current environment in the shows that the price may test the USD 165 resistance in the near term.
Now there are two doors that are wide open from the present position of price.
Firstly, the USD of 160 support might be revisited, in case there is no break above the USD 165 resistance.
While the other possibility is that the support might slide down to 150 in case of further losses.
Published at Sat, 27 Apr 2019 07:51:54 +0000
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