Great retracement at the 88.6 Fibonacci level last week. Price so far has not been able to break those key levels higher. I'm looking for a push up to important key supply, resistance and Fibonacci levels to continue bearish.
Trade closed: target reached:
Target hit earlier at the 109.539 level off of resistance and QT level 110.00 for a sell. Currently price is on a supply zone, 38.2 Fib level and testing resistance. If this level is broken I do see it headed to the 110.563 level at that point I would look for sells up their however this pair does have the ability to change sentiment so I'll be watching closely before I reenter.