Price is abiding by the descending channel . Price can potentially reverse from sell entry level of 3089.50 in line with the 61.8% Fibonacci projection towards the take profit level of 2892.71 in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement . Alternatively, price might break through the key resistance structure and head for our stop loss level of 3152.04 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement .

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