Price has moved to a level that has worked as a support/resistance previously. Latest upward move forms an ABCD pattern with fibonacci extension 1.618 @86.100. RSI is over 80 so this pair is overbought at the time and it may take a little brake from moving up and move down at least temporarily before possibly moving back up again.
I´m looking for an opportunity to go short somewhere near this level. My target is the latest support level near 83.300.
I´m looking for an opportunity to go short somewhere near this level. My target is the latest support level near 83.300.