Price hit a D extension to the downside off of a shallow retracement to the upside and stalled out at the 1.18 and 1.27 D extension.
I believe there is a possibility for long-term price to travel to the daily 61.8 fib level before a continuation to the downside.
I think we will see a short-term buy opportunity to 1.17500 first and if it breaks, there may be potential for more room to the upside before a continuation to the down side.
I believe there is a possibility for long-term price to travel to the daily 61.8 fib level before a continuation to the downside.
I think we will see a short-term buy opportunity to 1.17500 first and if it breaks, there may be potential for more room to the upside before a continuation to the down side.
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