Price is consolidating within a triangle and is lining up for a possible bounce. We’re seeing major support above 1.3300 to 1.3311 (50% Fibonacci retracement
, 76.4% Fibonacci retracement
, horizontal overlap support) and a strong bounce could occur at this level to push price up to at least 1.3457 resistance ( Fibonacci retracement
, Fibonacci extension
, horizontal swing high resistance). Our next major level of support is at 1.3210 ( Fibonacci retracement
, horizontal swing low support).
(34,3,1) is seeing ascending support possibly signaling a bounce is impending.
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