FOMC rate decision and Trade War fears have added to sell pressure.
BUT be wary of a "Wave B" = Bull Trap unless scalping for a few pips.
0.676xx is the key support which should bounce strong (or even end the down trend).
0.674xx is the likely target which should entice bulls to get back in with longs.
0.673xx is the last support that would still maintain an upwards trajectory.
0.679xx may be turning into resistance, unless Bulls can take it and retest.
0.681xx is nearby resistance which may be pierced for a stop hunt above.
0.583xx is (bottom of wave 1) is invalidation line, and Bulls' 10 yard line.
Best of Luck in your Trades.
Zoomed in, with the original support zone, PLUS a new fib measuring the move down The red 5.618 was a common end point. Now it is up against the red 3.618 which will probably act as some resistance.
the Trading View is my Nation
the Moderator Tag is my Flag
Wealthy I am not
Needy I hope not
Gifts do help out
send When you Can
send What you Want
gain Gratitude you Will
I do think this is well due for a bounce, even if only in shorts taking profit, like I did :)
Best of luck with your trades.