Last few months price has tried to break past the 0.9000 monthly level with hedge rejections. as lagging.
are pointing to the down side, with a 3 pin formation above the EMAs which we then saw the price drop back down to the Weekly 0.78500. in 2 weeks ago.
are pointing downwards. Another 3 pin formation has form while rejecting the resistance. Also formed a . If we are able to close below the Weekly 0.87500 today then we can potentially expect further movement in this direction.
EMA’s have crossed back to the downside, with a forming at the preferred fib level. 2 different CTL’s has been broken.