Price is in a very bullish trend but we have reach a major resistance zone at 1700. With the way price quickly bought up to this level, I believe that bearish momentum will come into play and retrace to the downside before breaking 1700 and continuing to play higher.
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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.