Cisco Systems Wave Analysis 1 December, 2020

December 01, 2020 at 03:21PM

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• Cisco Systems broke resistance area

• Likely to rise to resistance level 45.00

Cisco Systems recently broke the resistance area lying between the resistance level 42.40 (former monthly high from September) and the 50% Fibonacci retracement of the downward correction from August.

The breakout of this resistance area accelerated the active medium-term upward impulse sequence (3).

Cisco Systems is expected to rise further toward the next resistance level 45.00 (former strong support from July).

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/cisco-systems-wave-analysis-1-december-2020-20201201/
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