As we can see from the daily candle, we managed to see multiple retest with rejection off the resistance zone (red area) with BEARISH strength seemingly showing more strength. Today's candle show another retest to the resistance zone with a nice rejection and what I will be seeing is a BEARISH going to take over soon, pushing price towards the support zone (green area) @0.8900+ area. We will saw a 61.8 fib level test already and I will be seeing a larger BEARISH movement this time possibly testing 78.6 fib level (which is also where the support zone lies).
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!