With the bullish trend since Aug 2015, Sep 18 saw a tag of war between the Bulls and Bears with the Resistance zone (1.1432 - 1.1465).
With the bearish sentiment set on 18 Sep, 1.12 and 1.15 might be the next Psychological support and resistance respectively.
- Punters cashing in profit gained from US Rates Announcement from yesterday (17 Sep), which happened to be around Fib extension 200% on 1 hourly chart.
- Short Term Bulls profit taking at Fib extension 127% at Point D
- Long Term Bears may have jumped in early before 61.8% near Point D.
With the bearish sentiment set on 18 Sep, 1.12 and 1.15 might be the next Psychological support and resistance respectively.