Prices are facing bullish pressure from ascending trendline support, which is in line with horizontal swing low support, 127.2% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards 1st resistance which is in line with horizontal pullback resistance, 50% Fibonacci retracement and 50% Fibonacci extension. If prices fall through 1st support, prices might take support from 127.2% Fibonacci retracement and 161.8% Fibonacci retracement. Stochastics is also approaching support level at 7.63 level, potential for bounce.
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.