As price approaches this zone around 108.70, it will do one of two things. Either it will break through the resistance and then retest it as support, or it will react bearishly to the resistance and fall to the area as shown by the arrow.
Guessing by the strong up candles, and the long lower wick on the Election Day candle, I would expect bullish movement. Too early to tell as of right now, however the next 2 weeks will likely provide us with a trade.
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Guessing by the strong up candles, and the long lower wick on the Election Day candle, I would expect bullish movement. Too early to tell as of right now, however the next 2 weeks will likely provide us with a trade.
Like if this helped you, comment if you want to add something to improve this.