has now retraced 61,8% since the bottom mid-august. At current leveln (8,56), we also face some resistance. A rejection from current levels, should provide a great risk-reward setup for a short position.
Trade setup: Short from 8,56 area with stop if we close above 8,60 on daily basis. Target 1 is set at 8,48 and target 2 at 8,42.