As expected this pair has resumed its bearish trend after retrace and rejection of 1.36700 level. This level is rejected by bearish Fakey which today is followed by Daily Bearish Breakout Bar.
Although Daily chart close is few hrs away price has clearly broken 1.36200 level which it is likely to retest.
Target
Bearish FIB 61.8 level is rejected and the target will be 161.8 FIB level i.e. around 1.33200.
Although Daily chart close is few hrs away price has clearly broken 1.36200 level which it is likely to retest.
Target
Bearish FIB 61.8 level is rejected and the target will be 161.8 FIB level i.e. around 1.33200.
