We have seen minor rejection from the short term 0.5 fib level however price looks to be consolidating on the 15 chart before another small move down. In my first post i was looking to enter around 1508 however with the 4 hour 50 ema above this level i will be looking for rejection and to enter from the 0.618 level with a target of 1560 short term. My long term target is 1750 however fundamentals will play a key role in reaching this level.
