Bearish divergence on the RSI, formation on the candles suggest an upward piercing pattern supported by a positive MACD forest next resistance to break set at the 1,904 Fibo 61.8% retracement, we can expect the corrective upward to start retracing at the 1,897 and aim towards an 1,887 price level.
Wednesday, March 17, 2010
USD/COP 17/03/2010
Bearish divergence on the RSI, formation on the candles suggest an upward piercing pattern supported by a positive MACD forest next resistance to break set at the 1,904 Fibo 61.8% retracement, we can expect the corrective upward to start retracing at the 1,897 and aim towards an 1,887 price level.
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