Well the bulls just lost the .618 retracement level so next area to buy would be the .786 for a possible bounce to the top of the wedge/resistance line.
But if I were to put money on it I'd say that actually wants to retest the .87 level this year.
Good luck bulls!
But if I were to put money on it I'd say that actually wants to retest the .87 level this year.
Good luck bulls!
Comment:
.786 level is .95 for a *possible* bounce to say 1.01. That's about as bullish as I can be on this pair.