The corrective movement wasn’t able to reach the 50% retracement level and now we have two bearish candles, the price will approach the 38,2% level and then will try another bullish momentum. We have an important support area around the 38.2% retracement level, we also have there a confluence zone. The price is trading inside of an ascending pitchfork, between the median line (ml) amd the lower median line (lml), you can see that the median line is an important resistance level for the upward movement.

The US dollar index has found a short term support, so, a short term growth is expected, the US dollar strength is understandable.


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