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It is now on the verge of reaching 1.8372 levels (i.e. 50% Fibonacci levels).
To substantiate this environment, leading oscillators are still converging downwards with current falling price fluctuations.
The daily current prices dips have been testing resistance at 7 & 21DMAs every now and then to evidence impact of above mentioned candle patterns.
Volumes build up on monthly is mammoth which is in conformity to the bear trend.
Since, another lagging indicator has also just shown crossover the prevailing likely to prolong further.
As we see no signs of proper buying sentiments, we maintain our long term targets at 1.8372 levels towards south.
One can eye on option tunnels for speculation which is a binary version debit put spreads that consists of longs in ITM binary put strikes and shorts in OTM binary put strikes.
Alternatively, phased shorts in mid-month are also conducive for above mentioned targets.