The bounce from the 0.1550 support zone indicates that buyers are stepping back in to defend the level. We are currently reclaiming short-term support, and a clean breakout above 0.1600 would confirm that the momentum is shifting back in favor of the bulls.
Watch the volume closely as we approach that 0.1600 pivot. If we can flip that level, the path toward the recent highs looks much clearer. Do you think this recovery has enough fuel to clear the 0.1700 resistance?
Not financial advice. Always manage your risk.
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