- March 17, 2026
- Posted by: EWGFX
- Category: Technical analysis
After rejecting from the 95.00 resistance area, price moved into a corrective phase and is now testing the demand zone between 78.00 and 81.00. This area aligns with the lower boundary of the channel and represents a key accumulation region. The recent reaction suggests buyers are attempting to regain control after a liquidity sweep below the range lows. If demand holds, price could push back toward the supply zone near 90.00 and potentially break the descending trendline for a bullish continuation.
Key Scenarios
Bullish Case
Bounce from demand zone.
Target 1: 85.00
Target 2: 90.00
Target 3: 95.00
Bearish Case
Break below demand zone.
Downside Target 1: 75.00
Downside Target 2: 70.00
Current Levels to Watch
Resistance : 88.00 – 90.00
Support : 78.00 – 81.00
Major Support : 75.00