After it broke upper level support at $1262, the price accelerated to the downside. But in mid term perspective, we are in range after a big movement to the upsode from the beginning of the year.
MAybe we will have some tactical reversal. Break above high $1229 can lead us to 8 EMA first ($1235), then we have 21 EMA, our next target $1249. Stop below low at $1211.50
MAybe we will have some tactical reversal. Break above high $1229 can lead us to 8 EMA first ($1235), then we have 21 EMA, our next target $1249. Stop below low at $1211.50