Most Likely scenario: Scenario:
- Main near term support at 95.20 includes the latest low, the 50-days and main rising
- A divergence on supports the scenario
- A break below 95.20 would be , targeting 93.70.
- Only a break back 96.50 would bring back the bias into my attention, that would take the 50-percent level for the overall long term . Roughly, I would target the 61.8 retracement level at 98.15.
Note: we are still in a neutral zone, and as an event-based trader, i look for my awaiting confirmation signals which i mentioned above to initiate a trade. So far, this is not a trade or forecast.
Best of Luck
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