Several technicals are showing an increased pressure to the downside with an apex coming pretty soon where the 200ma meets with historical resistance. As well, fundamentally, MM are fully ready to harvest retail money. As a reminder: " At Charles Schwab, clients opened a record 609,000 new brokerage accounts, with almost half of them created in March alone. The...
Charts indicates a possible breakout to the upside with a Take Profit target at around 110/111.
We can find 2 very similar patterns indicating a small breath down to 2730.