- Citibank reversed from support zone
- Likely to rise to resistance level 95.60
Citibank recently reversed from the support area between the round support level 90.00 (which has been reversing the price from July) and the lower daily Bollinger Band.
This support zone was further strengthened by the 38.2% Fibonacci correction of the previous upward impulse from June and by the support trendline from April.
Given the strong daily uptrend, Citibank can be expected to rise to the next resistance level 95.60, which stopped the previous waves 3, b and i.
- Likely to rise to resistance level 95.60
Citibank recently reversed from the support area between the round support level 90.00 (which has been reversing the price from July) and the lower daily Bollinger Band.
This support zone was further strengthened by the 38.2% Fibonacci correction of the previous upward impulse from June and by the support trendline from April.
Given the strong daily uptrend, Citibank can be expected to rise to the next resistance level 95.60, which stopped the previous waves 3, b and i.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.