As you can see on the daily, the candle has run up next to the Fib 0.786 and is currently in a red candle on the 4hr chart (though it has not closed yet). As long as this downward pressure continues, should be a safe ride down to 1.2951 (but that's just my thoughts if it goes down). If however it does break above 1.3292 - well to be honest I'm not sure what to think of that yet...
I do expect a downward return to resume as the reversal appears to have already happened back on the 28th June. This is of course just my thoughts, what do you think?
I do expect a downward return to resume as the reversal appears to have already happened back on the 28th June. This is of course just my thoughts, what do you think?