Target: 0.6650
Risk: 0.6910
Technical reasons:
Facing 50% Fibonacci correction level that formed strong resistance forces the price to stop the bullish wave, and signals of expected bearish rebound in the coming period.
Breaking 0.6795 will confirm the continuation of the decline towards 0.6650 then 0.6425, while surpassing 0.6910 will push the price for more bullish correction.
Risk: 0.6910
Technical reasons:
Facing 50% Fibonacci correction level that formed strong resistance forces the price to stop the bullish wave, and signals of expected bearish rebound in the coming period.
Breaking 0.6795 will confirm the continuation of the decline towards 0.6650 then 0.6425, while surpassing 0.6910 will push the price for more bullish correction.
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.