Brent Crude Oil At Key Resistance - Will It Drop to 78.00?
XBRUSD is at a key resistance area, marked by historical price reactions and strong selling pressure. This zone has been a reliable turning point for bearish reversals in the past.If bearish confirmation emerges, such as strong upper wicks or bearish candlestick patterns, I expect the price to move toward 78.00. A breakout above this resistance, however, would invalidate the bearish scenario.
Traders should remain cautious and use proper risk management when approaching this level.
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