Looking for the close above.
Testing strong level of resistance.
Bullish RN, big moves small degrees of retracement
On the first big leg up only pulled back to 21 fibs
Risks- ?due for a retrace however has consolidated before this move.
Confirmation: need a close above 1.63, currently rejecting off this level
If it breaks then will be likely to go up, however without confirmation could be time for a retrace
Testing strong level of resistance.
Bullish RN, big moves small degrees of retracement
On the first big leg up only pulled back to 21 fibs
Risks- ?due for a retrace however has consolidated before this move.
Confirmation: need a close above 1.63, currently rejecting off this level
If it breaks then will be likely to go up, however without confirmation could be time for a retrace