hey traders,
price has been ranging between 1.19000 and 1.17000 since july as highlighted above.
Price has now broken out of the range, I expect a pullback to re-test the 1.17100 region. If price rejects this zone, you can expect price to then go bearish to the 0.382 daily fib region. Price may even go to a significant level which is also the 0.5 fib
Await to see if price action does retest and reject the zone area
price has been ranging between 1.19000 and 1.17000 since july as highlighted above.
Price has now broken out of the range, I expect a pullback to re-test the 1.17100 region. If price rejects this zone, you can expect price to then go bearish to the 0.382 daily fib region. Price may even go to a significant level which is also the 0.5 fib
Await to see if price action does retest and reject the zone area