Price is now testing major support area
at 1.7352 (38.2% Fibonacci retracement
, 50% Fibonacci retracement
, 61.8% Fibonacci retracement
), horizontal pullback support) and a strong bounce could occur at this level to push price up to at least 1.7917 ( Fibonacci extension
, horizontal swing high resistance). Our next major level of support is at 1.7107 ( Fibonacci retracement
, horizontal swing low support).
(34,5,3) is seeing nice support above 2.5% where a corresponding bounce could occur.
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