Down. Cross at intersection. Trade with caution.
In the next days this intersection should get resolved.
As it seems we are not anymore in a bubble (arguably I must say), price should go down to a new Fib. channel in up trend, probably up to 0.32 level, before to push up once more.
However, this step is highly sensitive to fundamentals, if fundamentals fails, we may fall back into descending channel to keep major correction trend for one more week at least.
Watch out ! Trade with caution, follow your own plan !
Best of the luck to everyone,
Thor08 :)
As it seems we are not anymore in a bubble (arguably I must say), price should go down to a new Fib. channel in up trend, probably up to 0.32 level, before to push up once more.
However, this step is highly sensitive to fundamentals, if fundamentals fails, we may fall back into descending channel to keep major correction trend for one more week at least.
Watch out ! Trade with caution, follow your own plan !
Best of the luck to everyone,
Thor08 :)
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