$ERA – Testing Resistance
ERA is trading at $1.0435, just under MA(7) at $1.0467 and close to MA(25) at $1.0417, indicating consolidation near short-term averages.
Key Levels:
Resistance: $1.046–$1.05, then $1.097–$1.10
Support: $1.02, then $0.997
A breakout above $1.05 with strong buying volume could lead to a retest of $1.10 and potentially $1.19.
Failure to break $1.05–$1.10 may result in a pullback before bulls attempt another move.
A strong daily close above $1.10 would confirm a bullish reversal.
