Price appears to be face struggles to recover from the 2 week low.
While the break from the ascending trendline could help sellers to attack the monthly bottom at around 0.856 price level
Key Factors: -Price had broken out the ascending trendline with a relatively strong bearish momentum -Consolidating at two-week low -Rejections at the previously broken out support ~ current resistance near the 0.382 Fib
Entry Conditions: -Selling at Resistance Zone near the 0.382 Fib level when further rejections are presented with a more prominent confirmation -Short Term Buy if price breaks Resistance Zone and 0.5 Fib level with retest and direction confirmation at new support
Potential Targets & Important Levels to Look at: -Downside movements towards and around 0.856 level -Cautions at 0.5 Fib level, as a bullish break could change the short term bias
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Bias changed to buy as price broke the 0.5 Fib level