The price has meandered down to test and fail at the 61.8 fib level (0.70031) which is coupled with a level of support found at 0.69908. I see signs of a newly formed ABC
formation which could lead to the possibility of point D being formed at the 161.80 fib extension (0.7345 - Target 3
I am using the andrews pitchfork
tool to illustrates how the price will want to move towards the median (red) line and giving another good opportunity to enter long on the break and re test of the median line
. Looking to enter upon a bearish
candle stick reversal patten presenting its self.