Previous monthly close was bearish just below the
major 61,8 fib of all-time swing. Therefore it is likely
that price will continue to the next target and support
that is a confluence zone made up of horizontal support
at 1,0760, Yearly S2 at 1,0830 and the lower channel
at 1,0675 approximately. Only a close above Yearly S1
will give some relief to downward pressure.
major 61,8 fib of all-time swing. Therefore it is likely
that price will continue to the next target and support
that is a confluence zone made up of horizontal support
at 1,0760, Yearly S2 at 1,0830 and the lower channel
at 1,0675 approximately. Only a close above Yearly S1
will give some relief to downward pressure.