Prices are facing bullish pressure from horizontal pullback support, which coincides with 50% Fibonacci extension and 38.2% Fibonacci retracement. Prices might push up to 1st resistance which is in line with horizontal swing high resistance, 50% Fibonacci extension and 61.8% Fibonacci retracement. If prices push down further, prices might take support from horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. EMA is also below prices, showing bullish pressure for prices.
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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.