Price action under pressure near 34.220 signals a bearish bias in play. Watch for weakness to extend toward supports around 32.650, with a critical zone at 31.530 looming as the next downside target.
Current structure favors sellers if #hype fails to reclaim 34.220 resistance convincingly. A breakdown could fuel continuation to lower supports near 32.650. Conversely, a break and hold above 34.220 may flip sentiment bullish toward the mid-34.700s.
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