Price has so far has retraced back to the 61.8% level, where we have seen several spikes and rejections.
Price is trapped in a small which is squeezing price to eventurally show a break.
All 3 EMA's are and price is also capped by the 20EMA. Over the next week, we will be looking for a break of the CTL (counter ) for a potential shorting opportunity down to the 0.94900 support which aligns with the - 27.2% level.
This would create a new lower low following the market structure.
Awaiting break of ctl.