Even though fib hasn’t been respected initially think that was more to do with the fundamentals and good earning reports last week causing dollar weakness than anything technical. Here’s my outlook for next week.
Think the pullback could be quite strong here given the steepness of the drop over the last few weeks. Structure already showing a change on 4hr timeframe. Looking long to 38.2 and then 61.8 depending if that holds.
Can see the triangular structure with the short term consolidation taking place back end of the week. Think there’s reasons for both a break and a bounc at the daily support here. If it breaks look for 93.00 to hold.