Market has been in a range for quite a while -
- Sellers were able to push prices downwards beyond the support and reached the 104.200 level, a retracement followed to the past support area & now resistance also is 61% area in the Fibonacci . Buyers tried to break that area but it holds strong and seems to be heading down again to the 104.200 support area.
Selling Area - below 105.500
Target - 104.48
Stop - 106.10
- Sellers were able to push prices downwards beyond the support and reached the 104.200 level, a retracement followed to the past support area & now resistance also is 61% area in the Fibonacci . Buyers tried to break that area but it holds strong and seems to be heading down again to the 104.200 support area.
Selling Area - below 105.500
Target - 104.48
Stop - 106.10
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.