Stellar in the support zone
STRUSD pair showed a strong support zone 0.25 - 0.4 with sharp rebounds and high volumes which is slightly below the 61.8% Fibonacci level of the global uptrend. The 200-days EMA stays below, which adds bullish value to the global bias.
Nonetheless, the breakthrough of this support zone did not happen yet. And I assume that the breakthrough, only after which the uptrend could start will need some fundamental support and rising volumes with upward momentum.
The forecast for near-term - lateral movement in the 0.25 - 0.4 channel.
Nonetheless, the breakthrough of this support zone did not happen yet. And I assume that the breakthrough, only after which the uptrend could start will need some fundamental support and rising volumes with upward momentum.
The forecast for near-term - lateral movement in the 0.25 - 0.4 channel.
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