Little Pullback to 1,546 and than the next downwave to 1,46?
The Pair couldn`t defend its midterm uptrend. Since 8 tradingsessions the Pair just knows one direction -downwards!
Now we have reached a Pivot Support Level near 1.516-1.52.The RSI doesn`t signalize a Turnaround at present.
I think if the Pair will test its low @ 1.516 a shortterm pullback to the breakoutlevel @ 1.5475 can be exspected. Here are based the fibo retracements 0,382-0,618. So if we really touch These levels, i exspect a further downmove to 1,52/1,46.
Prices below 1.516 will soon generate a target on the downsode at 1,46. Only Prices above 1.59 will turn the Chart bullish again!
Now we have reached a Pivot Support Level near 1.516-1.52.The RSI doesn`t signalize a Turnaround at present.
I think if the Pair will test its low @ 1.516 a shortterm pullback to the breakoutlevel @ 1.5475 can be exspected. Here are based the fibo retracements 0,382-0,618. So if we really touch These levels, i exspect a further downmove to 1,52/1,46.
Prices below 1.516 will soon generate a target on the downsode at 1,46. Only Prices above 1.59 will turn the Chart bullish again!
Trade closed: target reached