Yesterday's levels worked well as market dipped off PZ, dropped to the support zone below before rallying back to the PZ. But there was a pullback again towards the end of the day.
Are we going to see a repeat of last Tuesday? Price is still below the BZ thus, cautious on the up move. Ideally, from current looks, we would want market to make a higher low (it could test the lows and rebound).
Lots of news today from UK, Europe and US thus it would decide this next move. But anyway, IMO, I would try a long if price goes back above PZ 14748 for a move to 14860 (50 Fib) and 14954 (possible high for today).
Are we going to see a repeat of last Tuesday? Price is still below the BZ thus, cautious on the up move. Ideally, from current looks, we would want market to make a higher low (it could test the lows and rebound).
Lots of news today from UK, Europe and US thus it would decide this next move. But anyway, IMO, I would try a long if price goes back above PZ 14748 for a move to 14860 (50 Fib) and 14954 (possible high for today).
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