The price has rebounded from the 86.31 support level and has stabilized above 88.36, indicating potential bullish momentum. A short-term correction may occur before the price resumes its uptrend, targeting the resistance levels at 91.66 and 94.04.
However, if the price falls below the 86.31 support level, the bearish trend will be activated, increasing the likelihood of further decline. A confirmed breakout below this level could accelerate selling pressure, pushing the price down toward the next key support at 82.81.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.