* Fibonacci of 76.4% of the entire wave from 0.9800 zones to 0.8640 areas wasn't even touched.
* Negataive candlestick formation is underway!
* Bearish diveregnce on RSI14.
* Sell stop could be placed below 61.8% Fibonacci @ 0.9330.
*Under-construction cup with handle is in play.
*Breakout above 12.45 is required to affirm the classical pattern.
*Momentum and trend indicators are positive, reinforcing our constructive bullish overview.
1-Bearish harmonic AB=CD is in play now after clearing 1142.00.
2- A breakout below 1130.00 will accelerate.
3- trend and momentum indicators are negative despite RSI entering oversold regions.
4-Fibonacci projection of 200 % for the BC leg is at 1053.00.
We can see signs of recovery over daily basis as follows:
-The pair has formed morning star candlestick.
-The probability of forming positive divergence with momentum indicator increased with Stochastic finding support.
-Aroon (down) shows signs of bearish trend stoppage, moving slightly downwards.