Price while moving in a beautiful downtrend channel as a retracement move, its currently facing support at 160.465 & resistance at 161.455. if price makes a breakout of the recent low it made on the support then it might continue the retracement move & push down to the next support zone at 159.493.
However if price make a break & close above the resistance, then it might continue to push up to retest the next zone at 162.626.
However if price make a break & close above the resistance, then it might continue to push up to retest the next zone at 162.626.
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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.