This pair made a retracement to ongoing downtrend move. Price reached resistance area and now is rejecting which could indicate downtrend continuation. TP1 at 82.20 area.
1.22 area support created a engulfing bullish candle. That could be the completion of mid-term Elliot corrective wave 4 as well. Would target SL below swing low, TP1 around 1.25, TP2 1.26.
Price might be retesting the support level of 0.72 area but last week bullish engulfing candle at the support level (blue line) and dynamic support of EMA suggests bullish impulse is probable. SL would be below 0.7180, TP1 0.7320, TP2 0.74.
