FCPO IS MOVING IN A DOWNTREND CHANNEL
Observing the FCPO, it's evident that the price is presently following a downward trend within a channel.
The recent support level, previously at 4240, has now been breached and is acting as resistance. The question arises: will this level continue to exert significant influence in holding the price?
The recent support level, previously at 4240, has now been breached and is acting as resistance. The question arises: will this level continue to exert significant influence in holding the price?
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Price did not react immediately.