Prices are facing bearish pressure from horizontal pullback resistance, in line with 61.8% Fibonacci extension. Prices might push down towards 1st support in line with horizontal swing low support, 78.6% Fibonacci extension and 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from 38.2% Fibonacci retracement. EMA is also above prices, showing a bearish pressure for prices,
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.