Price currently approaching the horizontal overlap support which is in line with the 50% Fibonacci retracement as well at the 38.2% Fibonacci extension. Should price break that level, we can expect it to plunge further to take support at the 79.819 level which is in line with the horizontal swing low support and the 78.6% Fibonacci extension level. Our bearish bias is further supported by how MACD is below the 0 line.
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