The hourly chart is drawing a bearish pullback under the support of the evolving TV channel about which I reported on June 29. The movement appears to be caused by traders looking for confirmation on the premises of the 11.80 level and I think we should wait evetuali increases the exhaustion of this corrective movement.
In the medium to long term this oscillation does not change in any so the bullish view. Any violation will be the level at 11.80 to creak ominously in the scaffolding on which they rely bullish.
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