Soy recently reversed up from the support area lying between the pivotal support level 890.00 (which has been reversing the price from the middle of January) and the 38.2% Fibonacci correction of the previous upward impulse from February.
The upward reversal from this support area started the active short-term correction 2.
Soy is expected to rise further and re-test the next resistance level 925.00 (which has been steadily reversing the price from the end of November).
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The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
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