Prices are facing bearish pressure from 1st resistance in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down further towards 1st support in line with 78.6% FIbonacci retracement and 61.8% FIbonacci retracement. If prices push past 1st resistance, prices might face resistance from horizontal swing high resistance which coincides with 78.6% FIbonacci retracement. EMA is also above prices, showing a bearish pressure for prices.
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