From the beginning of the week,price made an impulse from 0.69000 to 0.70400 breaking resistance now turned support at 0.69500. On the retest of the broken support now turned resistance which is in confluence with 61.8% of the fib, price can be seen rejecting the level and from here we can scale down to the lower TF look for entry with TP at 0.70800.
FibonacciSupport and Resistance

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