The market continues to print a sequence of higher lows, indicating that buying pressure is still present despite the recent correction. Price is now testing a confluence area where ascending support and previous reaction levels meet.

If buyers maintain control, the next objective is a retest of the highlighted supply zone. A clean breakout above that zone may open the way toward the next resistance.

Technical Outlook
Market Structure: Higher Lows
Trend: Short-term Bullish
Major Resistance: 58.90–59.10
Immediate Support: 57.20–57.40
Potential Targets
Target 1: 58.30
Target 2: 58.90
Target 3: 59.50
Risk Area

A sustained move below the ascending support could shift momentum into a deeper correction before another bullish attempt.

Note