Price recently broke a strong psychological support level; however, quickly bounded back up. Price then appeared to create support within the golden zone (0.50-0.618) Fibonacci ratio. Potential up-trend if price doesn't drop below the recent Fibonacci support level.
*This is merely an analysis, not financial advise nor am I advising you to trade*
*This is merely an analysis, not financial advise nor am I advising you to trade*