There was a clear break of the downtrend with wedge formation towards the end of 2016. A strong support was established at 17.20 (blue line). If it bounces back up, we might expect a new test at 18.50 level (green line). If key support line fails to hold, we could see price going as low as 16 to 15.80.
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Please ignore this idea, as it is a duplicate. Go visit this one:
