Price broke below major support zone to hit multi year lows. Any bullish move will be read as a retracement act in my books with potential selling pressure at the 38.2 fibo level which coincides with the broken support level.
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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.