Good morning to all this Wednesday morning.
this pair reversed at 131.000 after a Bull run aince the beginning of August.
the pair dropped down to 0.382 on the Fibonacci retracement tool and along the way there have been two retests on a downtrend trendline
my target for this pair at the beginning of the month was 135.000 but should a downtrend resistance test fail then I would eye a Short to 128.200 or 128.600 but if we break then a Bull run to 131.000 is possible
this pair reversed at 131.000 after a Bull run aince the beginning of August.
the pair dropped down to 0.382 on the Fibonacci retracement tool and along the way there have been two retests on a downtrend trendline
my target for this pair at the beginning of the month was 135.000 but should a downtrend resistance test fail then I would eye a Short to 128.200 or 128.600 but if we break then a Bull run to 131.000 is possible