The currency pair has shown consistent downward movement with clear trading ranges. Key levels for traders: resistance at 6.10 and support at 5.73. The stable volatility environment provides good conditions for trend-following strategies. ✏️

A tight trading range has emerged between 5.75-5.85 with unusually low volume. This setup typically precedes significant price moves. Traders should prepare for a potential breakout as market participation increases. ✏️

The bearish trend remains strong with 5-day MA below 20-day MA. Critical support level at 5.75 - a break below could trigger accelerated selling. The pair has already declined 5.04% in the past 20 trading days. ✏️

Models project 4-7% potential downside over the next 20 days. While short-term moves remain contained, the bearish pressure is expected to intensify. High model accuracy (MAE 0.76%) adds confidence to the bearish outlook. ✏️