Confluence between .618 fib projection of the recent move up and rising trend line.
Also time element seems to be in harmony: recent move up is approx 13 bars, and we are in bar 7 now.
So looking at this pair closely in about 5-7 hours from now.
Short around the 111.80 zone if opportunity arises.
Plus: major daily resistance around the 111.80-112.20 area
Also time element seems to be in harmony: recent move up is approx 13 bars, and we are in bar 7 now.
So looking at this pair closely in about 5-7 hours from now.
Short around the 111.80 zone if opportunity arises.
Plus: major daily resistance around the 111.80-112.20 area