As it can be inferred from the chart, the price is consolidating around a crucial area of resistance that nicely aligns with 50% Fibonacci retracement level. We are expecting for the price to keep dropping till the area of support indicated on the graph.
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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.