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OLI:neutral remain weak,45.3 sell
The market did cool down, spreads are good and we have the bext chance for a good trade
The 16/03/2015 the Euro Dollar slowed its fall (opened in 1.04701), and never again be there until the 12.03.2015 where he approached with record lows of 1.05168. Not without having had a maximum of 1.17140 on 24/08/2015.
So in my opinion, taking from the minimum point where the fall March to August peak stopped, so should be the Fibonacci retracement on daily ...
1) First of all we saw a break to the upside and retested the downtrend trendline, meanwhile respecting the CTL.
2) Breaking the CTL we retested the back of the downtrend trendline (2i)
3) We have since pulled back into previous structure which happens to be a 61.8% fib level and the back of the CTL. We have also formed a nice rejection candle which could be the ...