Overlays: - Trend line (mid level) — 1.05680 (equivalent to 78.6% fib level) - Trend line (upper level) — 1.06803 - 1.0729 (between 38.25% and 23.6% fibonacci levels) - Price will break downtrend reaching those levels but still be a lower high in comparison to 2x previous high - Fibonacci Level 61.8% — 1.06147 - Fibonacci Level 50% — 1.06475 - Price will break trend reaching this level but still be a lower high in comparison to 2x previous high - MA30 level — 1.05868 - MA60 level — 1.06274
Sub-indicators: - Stoch RSI strength in downside momentum, deep in oversold territory, moving averages cross above and slightly sloping upward confirming the accumulation for a rally in this downtrend - CMF — shows major strength in participants participating in the distribution phase of this currency pair. Well below the CMF mid point level.