1M Last Month’s candle stick rejected a key monthly resistance level of 1.1450. EMA’s pointing downwards
1W Last week’s candle closed as a shooting star, which rejected both downwards facing EMA’s.
1D 4 days in a row, price has tested a key daily resistance level of 1.13939, which looks as if it gave way today. EMA’s are crossing back to the down side. A close below the EMA today would be a good signal that more bearish momentum to follow. A higher daily fib is also respected according to my fib rules.
4H My 4H fib has also been hit, we saw price consolidate for a while around my preferred fib zone, before breaking my CTL. EMA’s crossed to the downside also. Target set at -27 fib level.