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will be looking for a rejection off the daily resistance, and from my analysis I predict that the price will fall towards the 1 hour support line followed by a few hours of consolidation, good luck traders!
- Pauric Finnegan
We can see a Fib formation begging to form on the 4HR chart, Fib C is correlating with 61.8% Fib. 1.3400 has shown strong support and we believe this will be heading to 1.3700.
1) Expecting a pull back into Daily resistance zone @ 113.847
2) If Daily resistance zone @ 113.847 holds
+ break of trend line expecting shorts to lower bounds of the range @ 112.35
3) Downside target ~ Support zone @ 112.354
4) if downside target @ @ 112.354
is achieved and broken will watch price action in this zone for further shorts towards 110.939 zone