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– Ebay reversed from the resistance level 71.15
– Likely to fall support level 69.00
Ebay recently reversed down from the resistance level 71.15 (which stopped the previous sharp impulse wave 1 at the start of February) standing close to the upper daily Bollinger Band.
The downward reversal from the resistance level 71.15 stopped the earlier impulse waves iii, 3 and (C).
Given the strength of the resistance level 71.15 and the overbought daily Stochastic, Ebay will likely fall further to the next support level 69.00.
Source: https://fxpro.news
