The structure has changed much on the 1-hour chart. As mentioned at the beginning of the week, the price is now back to the horizontal range of 1790-1815(2). After the price supported at 1795 yesterday, the bottom of the range will now change to 1795. Once again, for the upside, if the price crosses the S-T resistance line(1), it should again revisit the top of the range.
The trend remains within 1795-1825(5) on the , and the price is currently supported by the 20 days MA. The daily market closing price has been staying within 1802-1813(6) for the past few trading days. It will be the initial step for a trend shifting if the daily closing price ends outside of zone(6).
Market Price: 1798
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