On the M30 time frame, prices are facing bearish pressure from the resistance at 1817.50 and a pullback to the resistance zone presents an opportunity to sell to the support zone at 1799.00. The 1799.00 support zone coincides with the 50% Fibonacci retracement. Prices are holding below the 20MA as well, supporting the bearish bias.
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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.