As it can be inferred from the chart, the price is currently sitting on a previous zone of resistance now turned support that lines up with 0.5 Fibonacci retracement level. We are patiently waiting for the price to nicely bounce off this local area of demand and continue growing. Our target will be set at the area of 0.934 previous High
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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.