The price is currently moving towards our respectable trendline, where we would like to see a potential bounce created off the corresponding 0.618 Fib retracement level, and continue to the downside. Furthermore, there is a crucial historical support area, now acting as resistance, which we would like to see retested!
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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.