- Silver hour chart is showing a bearish engulfing pattern.
- Price is getting resisted at 50% Fib level of the fall from 31.275 to 28.325
- Immediate support and resistance in hour chart is 29.845 and support at 29.155
- Break above 29.84 will negate the negative effects of bearish engulfing in hour chart.
- Break below 29.155 will favour the bears.
- US DOLLAR TECHNICAL ANALYSIS
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