-Since the end of March, the market had been following a strong downtrend, breaking the 50 on the 1st of June, bouncing on a daily at about 1.72062.
-The rejected the price, reversing the trend as a trend correction. (the failed attempt to retest the at the end of July, confirmed the new uptrend)
-Since the beginning of September until the end of October, the price has been following a side trend, bouncing many times on an important weekly , before collapsing down in a long downtrend.
The price bounced on the weekly trendline support and it's moving also around a daily resistance.
It's actually getting strenght enought to start a new uptrend trying to reach the .
I'd entry long if the price break the level at 1.74000 and I'll get one more confirmation about the new uptrend.
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