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IAG warms up with an eye on the resistance of two euros

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We still do not have a return figure as such, but it seems that little by little the graph begins to clean up a little more and the control areas below and above begin to clarify.

Technical analysis
BEAR GAP

Short term

Medium term

Long term

To this day we continue without a return figure as such in IAG. But little by little the graph begins to clear, to clean itself. The control areas in short-term terms are at 1.44 euros as support and two euros as resistance. As can be seen in the weekly chart in front of us, the surpassing of two euros, at the close, would be an interesting sign of strength. Prelude to what is very likely to be a new bullish section targeting the important resistance it presents in the weekly bearish gap for March (2.6160). A gap that was filled in June, but was never closed. In addition, this level of resistance is double because it coincides, in addition, with an adjustment / retracement of 38.2% of the previous collapse. The 50% adjustment / retracement, by definition important resistance, corresponds to 3.15 euros.

IAG weekly chart

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