There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.6720 would begin in Midterm.
We will close our open trades, if the Midterm level 0.6720 is broken.
There is a divergence in and price between the trough at 0.6544 on 2018-08-15 and the trough at 0.65005 on 2018-09-11, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in at 0.6500 on 09/11/2018, so more gains maximum to Major Resistance (0.6720) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 59.