Instead of rallying upwards, a sharp decline has been witnessed. This is an indication that bears are still in control, however, I only expect a bearish rally only up to the daily resistance line 108.64. If this support is broken, then the price could decline further with the next best take profit being at 102.74. According to the daily chart above, its better to remain flat and pick a buy position upon a rejection from 108.64. Alternatively, you could wait and pick a short position on a breakout below 108.64. With this position, your take profit should be 102.74.
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