Prices are facing bearish pressure from 1st resistance which is in line with 61.8% fibonacci extension and 78.6% fibonacci retracement. Prices might push down towards 61.8% fibonacci retracement and 50% fibonacci extension. If prices continue to push up, it might face resistance from 2nd resistance which is in line with -27.2% fibonacci retracement and 127.2% fibonacci extension. Stochastics is also showing bearish pressure from 91.25 which is in line with our analysis that price might push downwards.
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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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.