As we push down to retest the previous level of support on the daily time frame, market has put in an ABCE harmonic
move which lines up with an 886 retracement
, a 127 Extension, a 1618 inversion and also happens to line up with 127.00 even handle number. Fib Coincidence?!
is also over sold so I think there may be an opportunity for you counter trend traders to get involved in a retracement looking at targets up at previous structure support
we will be observing this pair this morning in the London live room.