The bullish action seen in the Asian session was mild, as trading remains below SMA50 at 33.30 along with failure to hit 34.20 and the shooting star formation.
Moving below 34.20 is negative, while trading below 33.30 is a good bearish confirmation. Technical indicators are neutral and that requires a breakout below 31.80 to affirm the bearish scenario.
Failure to breach the above-mentioned supports will make us close all opened positions.
Support: 32.15 – 31.80 – 31.455
Resistance: 33.00 – 33.30 – 34.20
Direction: Bearish