We're currently in a Uptrend, approaching the lower resistance of this trend & the Fib resistance which is a great opportunity for a Touch & Go. Also if you take a look at the RSI we touched the Oversold indicator which usually leads to a nice bull run, this would send us towards the upper trend resistance.
If we end up breaking the lower resistance we may consolidate in the mid to low .80's as we move through the weekend.
*Not Financial Advice
If we end up breaking the lower resistance we may consolidate in the mid to low .80's as we move through the weekend.
*Not Financial Advice
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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.