From the daily chart we can see price has reached the 38.2 level. There is strong resistance based on the previous attempts. I've marked out a trend line on the last bullish rally. A break out would result in a bearish signal.
Note
Indecision doris forming on daily...Note
Strong bullish push therefore broke above. Expect retest of structural ljne
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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.