Price broke previous counter trend line and started a bullish rally. However price has retraced after being capped by weekly resistance at 110.10 and has retraced back to the 50% fib level at 109.328 and rallying again before being capped by the weekly resistance at 110.10 and falling again to the 50% fib level where it bounced back again. Anticipating a retrace to the 109.50 before taking any long position after break and close of counter trend line on lower time frame to advance to the 110.10 high
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