The price has tested and then bounced 3.180 level off. Now it will test a decisive 3.330 – 3.340 area. If the price punches above that range, 3.540 will be on our radar.
If the mentioned range proves to be a strong resistance, the price will bounce it off to the downside and first retrace to 3.180 level, then it will aim 50.0 Fibonacci retracement in the vicinity of 3.080. After that 3.000 as 61.8 Fibonacci retracement will be targeted.
If the mentioned range proves to be a strong resistance, the price will bounce it off to the downside and first retrace to 3.180 level, then it will aim 50.0 Fibonacci retracement in the vicinity of 3.080. After that 3.000 as 61.8 Fibonacci retracement will be targeted.