Near Price prediction on Weekly Chart
1. Very clear 7.24 was our big weekly support that has been broken with a strong bearish closing under it so high chances we could test lower major level.
2. Currently we are sitting at 1.272 fib extension and I am expecting a rally towards 7.246 (Weekly resistance) and a roll over from it towards all the way down to 3.76 (1.618 fib extension).
We are due for a relief rally considering how bearish the sentiments are and also being too oversold on Daily TF.
2. Currently we are sitting at 1.272 fib extension and I am expecting a rally towards 7.246 (Weekly resistance) and a roll over from it towards all the way down to 3.76 (1.618 fib extension).
We are due for a relief rally considering how bearish the sentiments are and also being too oversold on Daily TF.
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