• The bollinger bands are widening signalling increased volatility
  • This can be substantiated by the increase in the ATR to a reading of 0.0202

  • The fibonacci retracement levels have been drawn from a high of 4.33182 in September 2017 and a low of 4.12747 in February 2018
  • The 50% level at 4.22965 will be an important resistance point in the period under consideration.
  • The price is likely to close below this point
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