Prices are facing bearish pressure from horizontal pullback resistance, in line with 61.8% Fibonacci extension. Prices might push down towards 1st support in line with horizontal swing low support, 78.6% Fibonacci extension and 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from 38.2% Fibonacci retracement. EMA is also above prices, showing a bearish pressure for prices.
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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