The overall market structure is a down-trending structure.
After breaking and turning support into resistance, the price is approaching a key resistance zone around 0.86 which align with 61.8 fib level!
Any rejection or reversal pattern on this level on the lower timeframe might push the price southward to a 0.82 price level!
After breaking and turning support into resistance, the price is approaching a key resistance zone around 0.86 which align with 61.8 fib level!
Any rejection or reversal pattern on this level on the lower timeframe might push the price southward to a 0.82 price level!