here in top chart you see the black line is 21 weekly ema and green line is 200 daily ma both major levels are almost on similar levels and a retest of this levels is most likely possible.
another major level to keep an eye is 21 daily ema which is the red line the major level where prices can make a contact between 8600-8650
along with that RSI is also forming a lower low and lower highs formation sign of negative divergence and lower lows in prices
prices could drop sharply from here and likely support zone will be 8825-8475 the green box and from there we could see a potential breakout in prices
here's my custom indicator in 1h chart shows that we're now moving in green zone which is sign of lower levels and retest of support.
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