Take note how a close below 111.7 today will break the EMA50 and the upward trend line. Expect a bear rally when this happens.
Also note on the Weekly how we are overbought, the EMA50 is also holding;
Be careful of the 109 level it will give a lot of support.
Note
The channel is breaking and it is going DOWN!!!Note
Note
Also note the double top at 113.00!
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Disclaimer
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.