Hello traders
Interprating the chart, price is currently at 163.03 Failing to break below 162.70 support zone,
Currently in a HL (Higher Low) level from the up trendline we observe a lose of bear momentum
we expect price to keep moving in a ascending parallel channel,
First a break above 163.60 will signal a continuation towards 164.70 as first resistance level
If you find my analysis helpful and productive, press the like button follow and comment your view in the comment section, this motivates me to bring this kind of update frequently
Interprating the chart, price is currently at 163.03 Failing to break below 162.70 support zone,
Currently in a HL (Higher Low) level from the up trendline we observe a lose of bear momentum
we expect price to keep moving in a ascending parallel channel,
First a break above 163.60 will signal a continuation towards 164.70 as first resistance level
If you find my analysis helpful and productive, press the like button follow and comment your view in the comment section, this motivates me to bring this kind of update frequently