Observing the FCPO, it's evident that the price is presently following a downward trend within a channel.
The recent support level, previously at 4240, has now been breached and is acting as resistance. The question arises: will this level continue to exert significant influence in holding the price?
The recent support level, previously at 4240, has now been breached and is acting as resistance. The question arises: will this level continue to exert significant influence in holding the price?
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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.