Shorts are stronger...
At the moment the market is under the pressure of the bears, a false break-down of the pattern support gives a strengthening of the price, but the resistance is not broken. Buyers are still weak. Another retest of pattern support could cause price to break not only triangle support but also price channel support.
The bullish outlook is weak within the boundaries of the triangle. Only if price breaks triangle resistance can we see a change in the local trend and a rise to 1984 or to 2000, but only if the dollar weakens further.
The bullish outlook is weak within the boundaries of the triangle. Only if price breaks triangle resistance can we see a change in the local trend and a rise to 1984 or to 2000, but only if the dollar weakens further.
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