Prices are facing bullish pressure from horizontal swing low support, which is in line with 38.2% Fibonacci retracement. Prices might push up further to horizontal swing high resistance which is in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. If prices push down further, prices might take support from 2nd support which is a horizontal swing low support in line with 78.6% Fibonacci extension and 78.6% Fibonacci retracement. EMA is also below prices showing a 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.