As you can see price is near two trend line . In addition 61.8% of Fibonacci level is near and we have a cluster of prices in 0.6235 area. with this situation we have expected a return from this level which can back price to 0.6538 level. if 61.8% Fibonacci level break we are waiting for touching 0.5900 level which is 78% of Fibonacci level.
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.