Price has been selling off impulsively since it's double top/rejection of 1.1200 in August and September this year. We may start to see a correction now, with a Hammer candle being printed over the last 2 days of trading. Is this a sign of selling exhaustion? Watch the Fibonacci retracement levels as they could act as a target for buyers and an area where sellers come back into play for the next impulse of selling.
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.