Technically, the rally extended into a key swing area between $63.52 and $64.14 (see red numbered circles), but still fell short of the 38.2% retracement of the 2025 decline from the January high, which comes in at $64.88.
Conversely it would take a move above the swing area and the 38.2% retracement to increase the bullish bias. .
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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