We are about to hit historical resistance lines again. The blue horizontal bars indicate long term historical support and resistance. the top red bar is short term resistance and lower green bar is short term support
The middle green bar indicates a conflict zone. 126.487 is the top end conservatively before trending back down and pushing through the conflict zone slowly to hit a new low. if we drop below the long term resistance line we could possibly see around 124.496 in the next week as new lows.
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.