LONG 2hr fib
Price respecting ascending trend line
61.8% fibonacci level lining up with prior lows which has since acted as a resistance for the pair.
We have broken this resistance and are now testing it as support.
This area is also in alignment with our daily 8EMA.
WE ARE EXPERIENCING DOLLAR WEAKNESS ACROSS THE BOARD
I EXPECT A 3RD TREND LINE BOUNCE BEFORE GOING HIGHER
THIS IS IN CONFLUENCE WITH THE 61.8% FIBONACCI AND 0.7750 WHICH IS A HEAVILY SUPPORTED REGION
TARGET 1 FIB D1