At the moment, the price is near the first support level and is already reversing from the monthly pivot point. The key level for this week is 3.14, which is very close to the resistance zone.
If this key level is successfully broken, we can expect growth toward the second resistance at 3.36, with a possible continuation to the third resistance at 3.50.
If the price fails to break the weekly pivot point, we could see the downtrend continue toward 2.78.
If this key level is successfully broken, we can expect growth toward the second resistance at 3.36, with a possible continuation to the third resistance at 3.50.
If the price fails to break the weekly pivot point, we could see the downtrend continue toward 2.78.
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✅My Telegram
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.