The price is close to a strong resistance level of 177 in line with the 61.8% Fibonacci retracement. The price could rebound to the 150 level in line with the 61.8% Fibonacci retracement and the 78.6% Fibonacci expected. Our bias is downside, supported by stochastic, as it is located at the support level.
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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.