In last analysis I indicated the triangle pattern, as you can see it was broken down. After that declines accelarated, however once again support at 110.90 stopped them and caused rebound. Since the beginning of current week price is moving up and resistance at 111.70 was successfully broken. Nearest resistances are located at 113.30, 114.50. If one of indicated levels cause rebound nearest supports will be located at levels: 112.70, 112.30, 111.70.

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Time-frame H4


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