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– Ebay reversed from the support area
– Likely to rise to resistance level 70.00
Ebay recently reversed up from the support area between the key support level 67.45 (which has been reversing the price from January), lower daily Bollinger band and the 38.2% Fibonacci correction of the upward impulse from December.
The upward reversal from this support area continues the active minor impulse wave 3, which is a part of the sharp C-wave from last October.
Given the clear daily uptrend, Ebay can be expected to rise to the next round resistance level 70.00 (which reversed the price earlier this month).
Source: https://fxpro.news
