The price bounced from the resistance zone between 35.00 and 35.50 levels. RSI confirmed the price reversal. The market looks overbought and the downward movement will be logical. MACD histogram gives a bearish signal. MACD lines are going to support a possible downward movement. DMI is bullish but ADX line, after reaching 50.00 level, starts a sideways movement. It tells us that buyers can take a rest and the market will be able to start a correction movement.
If the price breaks the local uptrend line, we will get an additional signal confirming the further downward movement to the nearest support zones at Moving Averages and support levels.
If the price breaks the local uptrend line, we will get an additional signal confirming the further downward movement to the nearest support zones at Moving Averages and support levels.
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