$FIL has moved above the 1.15 level and is currently at 1.1628.
The round-number level itself has no special significance, but orders, stop-losses, and psychological expectations tend to cluster around it, so bulls and bears usually fight hard here.
The key is whether a retest can hold above 1.15. If it does, resistance turns into support. Is this a signal or a trap?
The round-number level itself has no special significance, but orders, stop-losses, and psychological expectations tend to cluster around it, so bulls and bears usually fight hard here.
The key is whether a retest can hold above 1.15. If it does, resistance turns into support. Is this a signal or a trap?