Price is facing bearish pressure from the first resistance level, in line with 78.6% fib retracement where we could see a drop to our support level where 50% fib retracement is. Take caution that the EMA is also showing price could go a bit higher before the reversal.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.