Still has a major resistance (roughly 1560) to break which held as support for nearly two years. It can be assumed that major support would now be the top of the range (roughly 1361) which it recently broke.
Not convincingly bullish given historical advances in price which include the financial crisis (2006-2009) preceding the last bull run until 2012. Previous rallies have been more significant as highlighted in price differences between key levels.
Resistance levels above could present trading opportunities where price will retest the top of the range it recently broke.
Not convincingly bullish given historical advances in price which include the financial crisis (2006-2009) preceding the last bull run until 2012. Previous rallies have been more significant as highlighted in price differences between key levels.
Resistance levels above could present trading opportunities where price will retest the top of the range it recently broke.