As we discussed yesterday; price was moving higher into a key daily swing high and resistance level.
We said yesterday ‘Whilst we could look for this level to break higher in the medium term, we could also expect this level to give some resistance in the short term.’.
Price has since held at this resistance and sold back lower.
As the daily chart shows; there is a very close support level that will now come into play and looks a level to keep a close eye on in the coming sessions.
You can see this level by zooming your daily charts out.
We said yesterday ‘Whilst we could look for this level to break higher in the medium term, we could also expect this level to give some resistance in the short term.’.
Price has since held at this resistance and sold back lower.
As the daily chart shows; there is a very close support level that will now come into play and looks a level to keep a close eye on in the coming sessions.
You can see this level by zooming your daily charts out.
