For six days the price can not break through the level of strong resistance 6777 USD. If today the next attempt is unsuccessful, then the pair can exit the rising channel and the sellers will try to seize the initiative. The price break through the green support area will be a confirmation of the bearish driver in the market. In this case, it is possible to update the annual minimum.
Sharp growth, which is expected from the beginning of the year, is unlikely to take place in a short time. Already very significant is the current correction of the market (bears have been in control for 9 months already). Therefore, the transition to the growth phase is quite possible to occur through a certain period of formation of a stable base.
Support: 5777 (annual minimum); 5858; 6100; 6200; 6425 (minimum from April 1); 6600.
Resistance: 6840; 7220.
