$TRUMP has lost the 1.7 level, with the current price at 1.687.
Round-number levels have no special significance in themselves, but orders, stop-losses, and psychological expectations tend to cluster around them, so the battle between bulls and bears is often fierce.
The key is whether a rebound can reclaim 1.7. If it can't, support turns into resistance. Where do you think it goes next?
Round-number levels have no special significance in themselves, but orders, stop-losses, and psychological expectations tend to cluster around them, so the battle between bulls and bears is often fierce.
The key is whether a rebound can reclaim 1.7. If it can't, support turns into resistance. Where do you think it goes next?