The initial downtrend seemed to be broken and price consolidated a bit, but it still created a very small lower high, and then the bears push the price down once more. All of a sudden, the bulls pushed prices from 1.11300 to about 1.11688... This is where I use the long Fibonacci Retracement Tool (on the long blue, bullish candle). The retracement predicts the...
I think the price is at a key area of resistance... I am looking forward to seeing price close above the 1.37000 level before I'll consider the price continuing it's bullish run... I think it's about to fall out of the sky to the very next key area which would be support at 1.36000. Price always does what it's going to do so I could be wrong, but we'll see.
