Aj
The fact that it didnt break support@70.40 is a strong sign that the bullish trend should continue, a break of 78.30 would add value to that. On the other hand its now showing resistance on the back side of the broken up trend line. Theres also fibonacci convergence from the last 2 down swings on the daily. I think we will see further bearish pressure should the present daily bar close as an engulfing bearish candle.
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