Monthly chart shows a solid resistance at 0.8840, with an heavy crash in price followed by a multi-year consolidation. In the picture I also drawn a green horizontal which is better seen in next weekly chart.
As we can see, most recent lower high was going right @0.8080 and market had many problems finally break-it-out to reach the top. The overall move at the moment is quite soft if compared with the fast peak printed in 2011 which is suggesting there is not really the same strength.
Moving de…
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