A hot topic to look at, After a free fall on tuesday. FNM drop further and closed at 1.12usd and form a hammer candle. Is suppose to be reverse today when a hammer patent formed but i think due to the pressure from Asia (Average all drop) and Europe started at weak position, FNM may have a tough time infront of her.
A strong support at 1.009usd as of it 38.2% retrace line and 0.867usd which is the 200days MA.
what is your view?
Citygroup
A side wave pattern but it retraced to test the support line at 4.43usd yesterday. Will be interesting how will it deploy today.
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