The support level of 0.59939 is the lower boundary of the global flat. There are no signals to break the support now, a retest of the level is formed after 2 months, the liquidity area will not allow to break this level. After the breakout of the support of the wedge will be followed by a retest of the indicated support level 0.59939, but I do not expect a breakout of this support. With high probability a rebound from the support may follow and the price may form a bullish momentum to the 0.61330 area.
The moving averages formed a bearish signal earlier, which has already worked out, at the moment the lines indicate a bearish trend.
Support levels: 0.59939
Resistance levels: 0.60692
I expect a retest of the support followed by a bounce up to 0.60692 or 0.61330.
Regards R. Linda!
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