Price is facing bearish pressure from our 1st resistance where the 127.2% fib extension is. We could see a further drop towards 1st support at 77.90 at the horizontal pullback support. MACD is also indicating more bearishness to come.
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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.