Following an uptrend is the downtrend. The 2 EMA's confirms the continuation of a downtrend .
Also, the fibonacci retracement hit the 0.618 special level of the fib chart.
We have to wait for a breakdown at price 1.17058(potential support level for an extension of the retracement) for a SELL opportunity
OR we wait for a bounce back for a BUY opportunity
Also, the fibonacci retracement hit the 0.618 special level of the fib chart.
We have to wait for a breakdown at price 1.17058(potential support level for an extension of the retracement) for a SELL opportunity
OR we wait for a bounce back for a BUY opportunity