Price is facing bearish pressure from our resistance and Ichimoku cloud, where we could see a reversal below this level to our first support target. Our first resistance level is in line with our horizontal overlap resistance and 50% fibonacci retracement where we could see a further drop below this level.
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.