is approaching our first support at 1.0623 (horizontal swing low support, 100% Fibonacci extension
). A strong bounce might occur at this level pushing price up to our major resistance at 1.0691 (50% Fibonacci retracement
, horizontal overlap resistance, 61.8% Fibonacci extension
). A breakout of our intermediate resistance at 1.0657 (horizontal overlap resistance, 23.6% Fibonacci extension
) might provide a bullish
acceleration to our major resistance level
(21) is also approaching its support at 34%, a good precursor for a potential rise in price should it bounce off this level.
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