Price may currently undergo a temporary correction toward the pivot point before resuming its downward momentum to reach the support line at 25230. A breakout below this support level will push price further down toward 25110.
However, if the price manages to break above the pivot level, the direction will flip to bullish toward the resistance line at 25640. A breakout and holding above this resistance level will clear the path to target 25760 and subsequently 25850.
Resistance Levels: 25640 – 25760
Support Levels: 25230 – 25110
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.