EMA 50 offering support 61.8 fib current support area is also a 38.2 fib zone on bigger timeframe
Lower highs EMA 50,plausible resistance Trendline break,ongoing retest 61.8 fib Target 1 is -27.2 fib Ultimate target is 80.500 key area
View from a bigger picture shows why... two trendline breaks ascending trendline offering resistance Lower highs EMA 50 also turning into resistance on lower timeframes
Strong resistance at 1.03100 area Two trendline breaks Enter after clear rejection at 38.2 fib
EMA 50 providing suppport 38.2 bullish fib Doji candlestick formation target is -27 fib
Strong EMA 50 resistance 38.2 bearish fib Target is -27.fibzone
EMA 50 Resistance Multiple rejections of 0.71300 zone
EMA 50 resistance 61.8 fib target is 0.68600 area -27 fib aligns with target area
61.8 bearish fib next target is -27 fibzone EMA 50 providing resistance potential for 61.8 bearish fib has been cancelled out as price fell through this area
61.8 fib upward trendline is being respected
Channel resistance hit,long term target is channel support EMA 50 resistance 38.2 BEARISH FIB
General downtrend multiple ema 50 rejection 1.69400 zone is 38.2 bearish fib on monthly timeframe
61.8 fib support area held trend line break wait for bullish candle stick close
61.8 fib bullish target is 61.8fib for bearish retracement to continue longterm downward trend