It seems a retest of the upward trend channel support is near. We are going to watch the retest closely as it might provide a good trade idea. In case of a break below the channel support line, a downward move till the 27.40 is probable. However, if the support line holds, the bulls can target the upper band of the channel
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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.