Previous historical low was respected (May-August 2015) and commenced rally, before forming what seems to be a bullish Elliot triangle wave. Support formed at 1.618.
3.382-3.618 Fib area should prove to be strong resistance, with 96.9 being the target following a triangle breakout. Would want to see price finding support at 96.9 for the move up to the next trendline, which follow on from a previous triangle pattern.
3.382-3.618 Fib area should prove to be strong resistance, with 96.9 being the target following a triangle breakout. Would want to see price finding support at 96.9 for the move up to the next trendline, which follow on from a previous triangle pattern.