Strong bearish wave (A) ended at level 1.6259
then corrective bullish wave (B) occurred and rejected from 50% Fibonacci level of preceding bearish wave near level 1.6425
Now price is in bearish wave (C)
MACD shows bearish momentum
RSI is in downtrend
we r waiting breaking support level at 1.6329 to open short trade to target first key level at 1.6253
then going down towards the demand zone at level 1.6082
then corrective bullish wave (B) occurred and rejected from 50% Fibonacci level of preceding bearish wave near level 1.6425
Now price is in bearish wave (C)
MACD shows bearish momentum
RSI is in downtrend
we r waiting breaking support level at 1.6329 to open short trade to target first key level at 1.6253
then going down towards the demand zone at level 1.6082