After a long term rally the price is consolidating forming a corrective pattern that appears to be a big triangle.
Last ABC is completed. Fundamentally, after last bad NFP news i expect the USD to weaken next days.
- bouncing on resistane
- divergence on
- pattern (purple line)
- 1.61 fib projection or first swing
- last D1 candle is a showing rejection
I expect the price to meet the 200 near the 95.000 level and lower support. If price gets to that level i will be looking to buy.
First target: last lows
Second target: 200 and support (near 95.000).