formed at the weekly 1.82500 . Followed by a further momentum to break 1.77500 and now we have broken 1.7500 support. are lagging on this time frame.
Weekly lower low has been taken out and a new lower low have been established. are pointing downwards. Last weeks close below 1.7500 proves we could be heading down to 1.72500.
A has been formed 2 days ago which has formed the lower high of this trend, this also touched a key fib level for me, while rejecting the downwards facing EMA’s. A daily close below 1.7500 could prove further movement to the next major .
Price swings up to preferred key fib level, before turning around and momentum taken price below 1.7500. Followed by a crossover of the . Target is set to 1.72500.