Reasoning
_____________________________________________
Weekly descending trend-line and minor decending channel
broken to the downside.
Monthly resistance key level 0.76500 tested and held.
A-B-C Fibonacci re-tracement 50%
SMA and EMA cross over on daily+hour 4.
--------------------------------------------------------------------
Target 1 at -27% extension from lower high (A)
Target 2 at -61.8% extension from lower high (A)
_____________________________________________
Weekly descending trend-line and minor decending channel
broken to the downside.
Monthly resistance key level 0.76500 tested and held.
A-B-C Fibonacci re-tracement 50%
SMA and EMA cross over on daily+hour 4.
--------------------------------------------------------------------
Target 1 at -27% extension from lower high (A)
Target 2 at -61.8% extension from lower high (A)