After the impetus started on June 21, it seems to have come to an end on the 30th, forming a corrective stage.
Apparently this correction came to a support where it shows us confluence, then we have a horizontal level in the 1,286 that does not serve as support, also the price seems to have reached the fibonacci 38.2% of the previous impulse, and we have as additional support to the SMA Of 200 periods, this confluence could be reason to think about a new bullish movement, being conservative could see as first objective the level 1,297 and as second objective the 1.304.
To be conservative when opening the operation, reconmando little amount and to add to the position of agreement this advance in our favor, since the price could continue correcting until reaching the 1.279.
Good luck in your trading.
Apparently this correction came to a support where it shows us confluence, then we have a horizontal level in the 1,286 that does not serve as support, also the price seems to have reached the fibonacci 38.2% of the previous impulse, and we have as additional support to the SMA Of 200 periods, this confluence could be reason to think about a new bullish movement, being conservative could see as first objective the level 1,297 and as second objective the 1.304.
To be conservative when opening the operation, reconmando little amount and to add to the position of agreement this advance in our favor, since the price could continue correcting until reaching the 1.279.
Good luck in your trading.