Overall trend has been bearish since 2012, Waiting for counter trend line to be broken to continue with the downtrend on the hourly chart. I believe we are looking at a target of around 0.77000, 400 odd pip move bearish. Fib extension 2.618 is within the targeted area also for extra confluence, then if you go onto a larger time frame you will see this target has been used as a resistance/support in the past.
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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.