Price broke weekly support level at 0.7550 impulsively but was contained at the weekly support level around 0.7500. Anticipating a retrace to the 50.0 fib level which coincides with previous weekly support at 0.7560 level before a continuation to the downside.If this does happen an entry will be after break and close past current medium term counter trend line that will be created as price retraces to the 50.0 fib level.
Trade closed: target reached