Prices are facing bullish pressure from 1st support which is in line with horizontal swing low support which is in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push up further from 1st support to 1st resistance which is in line withy 78.6% Fibonacci retracement and 127.2% Fibonacci extension. If prices push down further, it might take support from horizontal pullback support which is in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing bullish pressure from 9.69, potential for a bounce.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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