Today is slow in the world however if price reaches 1.08837 and confirms a close below I will continue to short and my profit will be set at 1.08274 for about 50-56 pips
However, it might shoot back up to the .5 if we look at those beautiful retracements and .
If the market moves up and the fib fails I will only go long if it closes above the lowest high at that point the chart will end its movement and start a bull trend at least until it hits my initial higher high. I highly doubt the path is full north. Looking for the short.