Long term upwards channel got broken in the early stages of march, wasn't sure when to hop onto this trend but we got a retest of the weekly resistance and 0.236 Fib first target is at our monthly support at levels 1.8500 second target is at our Fibonacci extension -0.27 at levels 0.81442
DAILY TRENDLINE BEEN BROKEN
MONTHLY SUPPORT ACTED AS SUPPORT TWICE BACK IN JULY 2013 & SEPTEMBER 2014 BUT NOW ACTING AS RESISTANCE SINCE FEBRUARY 2016
200 EMA ALSO ACTING AS RESISTANCE
RETRACED AT OUR 50%FIB
RSI WAS SHOWING OVERBOUGHT BUT NOW HEADING DOWN TOWARDS WHAT I BELIEVE UNDER LEVELS ...