A clear breakdown below Aug 2016 low confirmed a near-term top.
The 61.8 fib reaction finds at 1.2950 below this parallel support zone finds between 1.2860-1.2800.
Interesting trendline at 1.2800 is in scope
A minor rebound could expect at either 61.8% fib reaction or 1.2800 levels.
The daily RSI already indicating a positive divergence.
The 61.8 fib reaction finds at 1.2950 below this parallel support zone finds between 1.2860-1.2800.
Interesting trendline at 1.2800 is in scope
A minor rebound could expect at either 61.8% fib reaction or 1.2800 levels.
The daily RSI already indicating a positive divergence.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.