$MOVR has recovered strongly from the 1.51 area and is now trading around 1.80 after reclaiming the 1.71 zone. The short-term structure has turned constructive, with price back above both the 7 and 25-period averages.
The next test is around 1.91, followed by the recent 2.07 high. On the downside, 1.71 is the key area to hold if buyers want to maintain this recovery structure.
The next test is around 1.91, followed by the recent 2.07 high. On the downside, 1.71 is the key area to hold if buyers want to maintain this recovery structure.