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3.9 Monday: On the daily chart, the price fluctuated between 7.35 and 6.27. The current price of 6.78 is within the middle band of the daily Bollinger Bands. The price is trading below the key levels of 7.12-7.15 discussed last week. Therefore, the overall trend remains bearish.
On the four-hour chart, after a rally to 680, it failed to fall back and is now at 6.77. The volatility during the daytime session has generally been limited. You can consider entering a short position above 6.80.
Support is around 6.7. A decline to 6.7 with high volume breaking through would complete the breakout move into the short-term downward space. It is recommended to take partial profits around 6.7 and set stop-loss and take-profit levels accordingly.