Scenario :
We expect a a break above the confirmation at 0,77 to increase our conviction to extend the current recovery in progress. As long as 0,53 remains support we are expecting an extension of the recovery towards 1,1090
Key Elements:
- - The long-term trend analysis show potential towards 1,2750 as long as 0,35 Strategic support remains valid
- - The mid-term element as RSI and Moving average are still in bearish configuration, however the RSI is oversold and could activate a bullish signal once KNC is trading above 0,77
- - The Fibonacci key level at 0,53 remains valid and acts as key support
Trade Idea : Buy - Conviction : 
(Low)
(a break above 0,77 will turn conviction to Medium)
- - Target 2 : 1,2750 (100%)
- - Target 1: 0,1090 (70%)
- - Buy: in setback at 0,63
- - Stop: 0,53 (-18%)
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