So we have a new postive trendline that the price has struggled to keep up with now after the correction that occurred late March16. This chart shows a symmetrical triangle/wedge breakout to the negative. First significant support now is at 50 SMA on the daily chart at 2045. Strong resistance at breakout and Fibo 38,2 level at 2058.
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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.