$MUB is cooling after reaching the 1,108 area, with price now around 1,070. The daily structure is still holding above the 25 and 99 MAs, but momentum has clearly slowed after the recent push higher.
The 1,040–1,055 zone is the important area to watch next. Holding it could keep the recovery structure intact, while reclaiming 1,076 and then 1,108 would show renewed strength. A deeper move below 1,040 would shift attention toward the 1,018 area.
The 1,040–1,055 zone is the important area to watch next. Holding it could keep the recovery structure intact, while reclaiming 1,076 and then 1,108 would show renewed strength. A deeper move below 1,040 would shift attention toward the 1,018 area.
