The 61.8% retracement of the .9380/.8065 fall comes in at .8880 which is also where the 100-day MA is. This combination is a very strong signal for some technical traders. The previous high at .8860 is of course also in the vicinity.
The 61.8% retracement of the .9380/.8065 fall comes in at .8880 which is also where the 100-day MA is. This combination is a very strong signal for some technical traders. The previous high at .8860 is of course also in the vicinity.
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