What we got here is a a price resisting to fall under the "monthly floor" and the SMA. Here is a great point to enter with a long position and set a Stop Loss on the 110.35 level (in case that it break both barrers).
Note
We're going on the right tendency, probably this movement has a lot to offer yet.
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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.