Price rejected at the 38.2fib after a pullback confirming the continuation of the strong downward movement.
Target1: 1.68195
Target2: 1.67266 (Nice break of the weekly and pass Target 1 will see our Traget 2 likely to be seen)
Traget3: 1.66125
Extended Target1: 1.65027
Target2: 163742
If the weekly level holds price and reverses we looking to see the upper trendline with price reaching
around 1.70385 level then we take it from there.
Target1: 1.68195
Target2: 1.67266 (Nice break of the weekly and pass Target 1 will see our Traget 2 likely to be seen)
Traget3: 1.66125
Extended Target1: 1.65027
Target2: 163742
If the weekly level holds price and reverses we looking to see the upper trendline with price reaching
around 1.70385 level then we take it from there.
Comment:
Price got held at weekly level as anticipated and broke through a 1.69610 area we price has been held from the downside. Now we more likely to see thr upside traget 1.70385 and ext. target 1.71571