As we assumed earlier, the price reached the level of 6.100 and moved away from this level. But for how long? As we see that the increase range of the price is limited and does not have a strong momentum. Thus we have drawn another intermediate level of resistance.
We expect that the price will continue its downward movement, to update the annual minimum. The current rebound is a short-term one, therefore we have to take short positions and focus on the levels of 5.800 and 5.600
We expect that the price will continue its downward movement, to update the annual minimum. The current rebound is a short-term one, therefore we have to take short positions and focus on the levels of 5.800 and 5.600