Banksy check the chart.
Candles on 23rd, 24th and 25th Jan shows buyers stepped in and pushed the price down from the highs, then on the 27th Jan it opened at 1.90 and closed low at 1.85, 29th was the last hurrah and SP started to decline down to current levels.
Now the opposite could be in play, buyers have been pushing the SP up from the lows. A close on highs of the day (1.57+) would be good, SP started low and ends the day high would provide a reasonable reversal imo. I still think we may retest todays low (1.54) sometime next week.
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- small reuters article from today
small reuters article from today, page-13
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