So our Fibonacci Retracement suggests that the pairs next leg would indeed be bearish to our -0.27 Fib then correct and continue the downtrend commenced in may this year. We were rejected on this major support line towards the end of November and corrected to our 38.2 Fib but with price being rejected here also, is readily approaching the Major Support level again and we should be diving deeper into the 4 hour chart and awaiting and planning entry to either Buy/Sell this pair. Await daily candle close on 12/12/2016.