Price had formed an H4 double top at a monthly resistance and dropped all the way to monthly support (now resistance) which it broke and retested and dropped again. The market then went into consolidation which it broke out of when the the Chair of Supervisory Board of the ECB (European Central Bank ), Andrea Enria, spoke. Now price is at my 32.8% fib level and i'm expecting further rise all the way to the golden zone (50%-61.8% Fibonacci retracement level) ,further supported by the MACD , which also happens to be the neckline of the double top .
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