The series of downward corrections of the past days continued with a big fall that erased the gains of February. Can we expect a bounce back, or does the bearish momentum persist?
Yesterday we saw large selling activity, but the price settled on the 200-day moving average and started a slow recovery. The majority of indicators are still in the red, and there is no positive update in the economic news around the Coronavirus that would turn the market sentiment either. Bulls are hoping for a bounce back, but the next few days will put a serious test on the upward trend of the last months.
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