September 02, 2020 at 03:47PM

• Ebay reversed from support level 54,00

• Likely to rise to 58.60

Ebay today reversed up from the pivotal support level 54,00 (which has been reversing the price from the end of July).

The support zone near the support level 54,00  was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci retracement of the previous upward impulse from June.

Ebay is likely to rise further toward the next resistance level 58.60 (top of the previous B-wave from last month).

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From: The FxPro Tech Analysis Team
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