Next week will be a very interesting as the price is now testing the lower trendline on the weekly chart. The two consecutive bearish candles might provide the early warning that the sellers are building up momentum slowly to pull the beast down.
Should the selling pressure builds up, the next support at 140 region could be tested; where some resistance from the bulls camp could be expected and and a BIG and FIERCE battle could be anticipated there.
In order for the bears to win the battle, this crucial level at 139.50 must be broken significantly. Let's see who will win the battle...
Below is the weekly chart as of this weekend.
Should the selling pressure builds up, the next support at 140 region could be tested; where some resistance from the bulls camp could be expected and and a BIG and FIERCE battle could be anticipated there.
In order for the bears to win the battle, this crucial level at 139.50 must be broken significantly. Let's see who will win the battle...
Below is the weekly chart as of this weekend.
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