Price is approaching a strong demand zone around 38,700. A bullish reversal could target the key resistance at 39,450.
I suggest a bounce from the demand zone with a target near 39,450, which aligns with a significant resistance level.
Recent higher lows indicate strength in the upward momentum.
I suggest a bounce from the demand zone with a target near 39,450, which aligns with a significant resistance level.
Recent higher lows indicate strength in the upward momentum.
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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.