Overview (04.08.2026) #FIL
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$FIL is confidently moving toward a long-term downtrend line from the June 3 high around 0.98, and testing the level around 0.7192 is an important event after several months of decline within this structure.
Buyers appear here after a strong rebound from the lows of 0.6690–0.6530 at the end of July.
If the price holds above 0.7000, a breakout of the trend line around 0.7400 will open the way to 0.7800 and 0.8200—this would be a significant move if it happens.
If the price falls below 0.6690, the recovery attempt will quickly fail, revealing new lows below.
➖➖➖➖➖➖➖➖➖
$FIL is confidently moving toward a long-term downtrend line from the June 3 high around 0.98, and testing the level around 0.7192 is an important event after several months of decline within this structure.
Buyers appear here after a strong rebound from the lows of 0.6690–0.6530 at the end of July.
If the price holds above 0.7000, a breakout of the trend line around 0.7400 will open the way to 0.7800 and 0.8200—this would be a significant move if it happens.
If the price falls below 0.6690, the recovery attempt will quickly fail, revealing new lows below.