RECENTLY REJECTED FROM 100.00 ROUND NUMBER RESISTANCE.
THIS PAIR MAY SEE SOME CORRECTION TO 97.00 OR EVEN 96.00.
A TRADE WORTH LOOKING OUT FOR NEXT WEEK.
It is just lying exactly at the 50SMA but i would the past 2 H4 bars was a futile attempt to close back above the 50SMA, thus bearish bias for me.
This is an example of how i would draw a FIB.
1)a clean retracement to the 50%/61.8% level
2)not over more than 10~ bars.
But but it is really up to you.