Recently the price reached last zone of support (blue), 1.618 fib extension, and node of high volume. After 200 days of downtrend, this could be a potential reversal zone. It won't be easy though, there's a lot of resistance ahead.
ðĒ If price action turns bullish I expect the ~1.60 area to be a local top, then another break above this level would confirm a reversal
ðī If price action remains bearish meaning ~1.00 zone is lost I expect more bleed below 1.00
We'll see what happens- I'm ready to long as much as I'm ready to short.
Good luck!
ðĒ If price action turns bullish I expect the ~1.60 area to be a local top, then another break above this level would confirm a reversal
ðī If price action remains bearish meaning ~1.00 zone is lost I expect more bleed below 1.00
We'll see what happens- I'm ready to long as much as I'm ready to short.
Good luck!