As you can easily see on the chart, there is a bearish channel that has been formed during the past few days. Price is likely to break the RDL (Range Daily Low) and go down all the way to 112.000 or even lower than that with the potential to reach 111.000 in a few days.
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About the author
Alan Chiu Tsang
Alan is a freelancer photographer and author for FutureHandling.com.
He graduated from Hong Kong university in 2005.