we will see a bounce off the 0.382 fibonacci level and the supporting uptrend line, which started at the 28th of December. There are a few sign, which indicate such a move. First of, the formation, as the bottom of the former downtrend. Furthermore, both, the EMA30 and the EMA10 were crossing the EMA50 upwards, which can also be seen as a sign. If things follow the overall market direction, then we will see a breakout this week for sure.
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