Let´s move UP....maybe after the retest of TL
Time to retrace
All in the charts...
All in the charts
Price retested the downwards TL and, at the same time the resistance zone at 112,70.
It may go down to 111,70 or go straight up.
Price has been in consolidation between 138.50 and 140.50. But it seems heading to former resistance at 142,50
1.41 was a former resistance and now will match 0,5 Fib. and price meeting the EMA200 (green).
Till price touch the EMA200 more or less at 1.220. Then SELL again.
Price reached the importante level of 1.413, now acting as resistance, and must retrace to 1.40 the former resistance and now support. That level matchs the 0.618 Fib. After that support price will resume up, heading to 1.43
All in the chart
Prepare to go LONG to 1.40 after this flag.
Price reached a resistance zone at 1.3410 and now is time to retrace to 61.8% Fib, which matches the previous resistance at 1.32. Trust me....;-)