Price has bounced up perfectly from our major support at 88.57 previously. Major support is now at 89.37 (Fibonacci retracement, horizontal pullback overlap support) and a potential bounce could occur from here pushing price further up to 90.37 resistance (Fibonacci retracement, Fibonacci extension).
Stochastic (89,5,3) is seeing major support above 1.9% where a potential corresponding bounce could occur.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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