The weak decline at the daily level has led to a further retracement of the exchange rate! In terms of the current rhythm, the overall pattern at the four-hour level is still in a relatively obvious weak market. Yesterday, the price of the currency was unable to repair upward, which led to a sharp decline in the early morning and completely opened the downward channel. In the attached figure, the moving average spreads downward in a roundabout way, and the Kongtou volume is arranged to maintain the price ratio further downward. The weak sentiment of the small cycle rhythm is strong, and there is still downward demand in the future!

At the one-hour level, the currency price has been fluctuating and consolidating since yesterday, and the short-term weak sentiment has intensified. At this stage, the large negative retracement of the K-line has also successfully opened the downward channel. Although it has closed positive, the overall strength is just a small witch in front of the current Kongtou rhythm. The three moving averages have shown obvious signs of downward diffusion. Kongtou has released a large amount of energy, and there is still a need for shock repair in the short term! Subsequent operations focus on rebounding and looking for further retracement!

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