Technically, we can see an expanding channel with a resistance level of 73100. Note that the direction of the channel is pointing upwards. The resistance line is playing a role of some kind of “magnet” that is summoning the price. The price has already bounced from this level once, but this is not enough. There exists an opinion that to solidify, a resistance level needs to go through several price tests.
That’s why it is quite reasonable to expect the currency to get back to 73100
This content is for informational purposes only and is not intended to be investing advice.
