Price has finally broken out of the recent 2-week range, following a false break of support.
The buyers stepped in very strongly, breaking and closing above resistance at 112.886.
Price has now retraced some, and is retesting former resistance which I now expect to act as support. There is almost confluence with the 38.2% Fib level. I am watching for bullish action to go long and to target the previous major swing high at 114.500s
The buyers stepped in very strongly, breaking and closing above resistance at 112.886.
Price has now retraced some, and is retesting former resistance which I now expect to act as support. There is almost confluence with the 38.2% Fib level. I am watching for bullish action to go long and to target the previous major swing high at 114.500s