As it can be inferred from the chart, the price has nicely rejected the 0.836 area of support that lines up with 0.618 Fibonacci retracement level. We are patiently waiting for the price to re-test the zone that the price bounced off once again, before we can look forward to opening BUY positions and aiming for the previous Higher High as identified on the chart.
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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.