it didn't give a clear signal of its plans.but i think september good ...
Fibonacci %236 Level Now 1.09120
200 : Now avarage 1.10450
Resistance : 1.11300
Resistance : 1.10900
Resistance : 1.10550
Pivot : 1.10100
Support : 1.09650
Support : 1.09300
Support : 1.09120
At the moment i see on the one hand the chance for a double bottom with basis 1,08. The target of this formation is 1,1425. -Above 1,1425 there is enough place to make a new high at 1,18. (orange counting)
On the other hand there is the strong momentum and dynamic of the longterm downtrend - we are trading at its trendchanels upper edge. This can perhaps be interpreated as a new anticyclical selling signal as long as we trade below this level.
-Below the last valid orange "3" at 1,08 a drop to 1,04 can be exspected
-below the last valid red "2" a longterm selloff can be exspected with target @ 0,92