The current price zone (as marked in the chart) is a critical price action level.
It has acted as a significant support as well as resistance in the past.
Now the counter has broken below, tested it and converted it to a resistance.
Hence, we expect the counter to head lower to the next support of 70.642
It has acted as a significant support as well as resistance in the past.
Now the counter has broken below, tested it and converted it to a resistance.
Hence, we expect the counter to head lower to the next support of 70.642
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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.
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.