Here's what I see for this pair. We're trading inside a descending channel and it's over 113 pips to the 61.8% Fib, that's what I have as my first target, but I don't exclude price going lower all the way down to the demand zone at the 88% fib. In addition the MACD histogramm has turned bearish, so I expect a continuation of the trade to the downside.
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.
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.