Price composition under negative pressure - Analysis - 26-07-2017
The price of forming negative trading yesterday to attack the level of 2548.34 and settle below it, which puts the price under more negative pressure in the short term, especially after the price has completed the formation of a triangular model that shows its features in the picture.
Therefore, the bearish bias will be likely in the coming sessions. The next target is to test the 2415.00 level, noting that breaking this level would lead to a loss of the formation price to reach 2281.66, while the bearish trend will remain intact if the price does not break through the 2713.32 level and stability above it.
The trading range for today is expected among the support at 2281.66 and the resistance at 2713.32
The general trend for today is bearish
good
meep
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