The price bounces from SMA100. RSI confirmed price reversal from this line. SMA100 is rather strong support and it can hold the market from the further falling. MACD histogram confirms possible upward movement. We should note that the market is at the good support zone and it can give us interesting buy opportunities. Long trades can be opened based on breakout signals above the previous swing high and 1000.00 resistance level . Stop orders for these trades should be placed below the local swing low and the main profit target should be at the previous market high.
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Thanks for your analysis.
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