bears' last defense.....

Now the price has shot up and reached the bears last defense at 143.60, where there is a confluence of the major descending trendline and clusters of crucial SnR level. However, thin trading volume is expected tomorrow as the European banks will be on holiday and the price action could be erratic until the NFP data release tomorrow night.

Until then, good luck and happy trading.

Below is the daily chart showing the crucial trendline and SnR level to be watched.


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