Omisego gave the expected bearish 1D candle that tested the 2.9640 support creating a Falling Wedge (RSI = 43.877, MACD = -0.127, Highs/Lows = -0.0320, B/BP = -0.0909). This should technically seek a Lower Low at 2.6561 (first TP) in the coming candles, but the 2.9640 1D support needs to break as so far it has been rejected twice. Even if the Wedge breaks, any upside is limited to the 1W 0.500 (4.0367) - 0.618 (4.2860) Fibonacci retracement. Longer term TP = 1.4942.
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