Well, we indeed got our bounce off the 0.1050 level confirming it as support, and to add to that we've closed on the key 0.1150 level once again. That's a great outcome for today and I am pleasantly surprised to see it happen so soon. Wednesday's are typically very slow, however with this close, tomorrow might buck the trend and the bulls may have another crack at it. It's been a huge bear unwind, but the depth of the pullbacks continue diminish and the frequency of the attempts on 11.5 are increasing. This range is just about done and the writing has been on the wall for ages now. Just need that bounce off the top side of 0.1150 and we'll be all smiling again. Except maybe for a few Muppets who like to run their mouth about things they don't have a clue about.
Well, we indeed got our bounce off the 0.1050 level confirming...
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