now price is really close to the 61%fib level and it is inside of an .
reasons for short:
61%fib level zone.
Price is making a estructure (channel) so it is not showing strength for continuation.
i would like to see a test of the 61%fib level. i mean, id like price goes little up more without breaking the channel to make a short to the support of the channel which is also 38%fib level.
how ever, once price is at the 1.30700 area and break this area i will be short to the next support holding at breakeven to the -27%fib level.