Price is currently at a major support level than was first tested in July this year and considering current momentum, we could possibly see price continue bearish if we see a break and retest below level X till at least 100.000.
For a bullish scenario, we may expect price to break strongly above trendline and retest level 106.00 to gather momentum for an uptrend which may rally to the 112.000 psychological level.
For a bullish scenario, we may expect price to break strongly above trendline and retest level 106.00 to gather momentum for an uptrend which may rally to the 112.000 psychological level.
