Wow, EJ has been at a major weekly resistance. All Logic being used, if a support now becomes a resistance what does that mean? Trying to maintain a downtrend right? Well it broke a weekly support making a resistance, currently at a retest point, might push up a couple pips or consolidate before a nice drop down. It is also in a daily downtrend touched my trendline a good 4 or 5 times, so either waiting for consolidation with bearish momentum or a little higher and consolidate before a good drop, but remember wait to enter with your 3-4 confirmations because market could still jump up. This isn't trading advice just my perspective on the market.
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