Prices are facing bullish pressure from horizontal pullback support which is in line with 38.2% FIbonacci retracement. Prices might push up towards 1st resistance which is in line with 127.2% FIbonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance. If prices fall through 1st support, prices might take support from 2nd support which is in line with 78.6% Fibonacci retracement and 50% Fibonacci extension. 34 EMA is also below prices, showing bullish 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.