Yearly S2/SMA200 at 0,6850. Also close to previous high
at 0,69. This makes it a strong .
Because price is trading below Yearly S2, the
is strong, even though PA from september and onwards has
shown significant recovery. On , trend is
as is seen by price trading above the Kumo Cloud.
Note that the C-61,8D leg is less steep than the AB, showing
weakening momentum. IF price will fail here and reverse
the major scenario is a Buy with D-level at 0,6050.
But if price instead moves above the resistance and close
above the previous high, we might see a continuation to at least
the D-level at 0,71 or perhaps an extension of the CD leg.
March 11 low stands at 0,7150.