Breakout out of critical level followed up by a retest of that level and 61.8% fib level.
Stuck in a ranging market since the beginning of the month,
just awaiting a breakout to the downside confirmed by the careful use of MA's.
Looking for a downtrend towards target 1 at 1.03602 (monthly critical).
Price action at this level will confirm my further position or to capitalise on profits made.
Upon completion of this level the next to the downside would be target 2 at 1.02406.
Stuck in a ranging market since the beginning of the month,
just awaiting a breakout to the downside confirmed by the careful use of MA's.
Looking for a downtrend towards target 1 at 1.03602 (monthly critical).
Price action at this level will confirm my further position or to capitalise on profits made.
Upon completion of this level the next to the downside would be target 2 at 1.02406.