Candles have broken and closed below Fibonacci extension 161.8%. Movement towards 0.8000 is highly possible before a retracement is expected.
Candles were once again supported at 0.8237 and any market movements may be driven by the release of U.S PPI later in the day.
Candles are observed to be well supported at 0.8237 which could develop into a double bottom formation.
Trend Direction |
S3 |
S2 |
S1 |
R1 |
R2 |
R3 |
Entry |
Stop Loss |
Exit |
| Bearish | 0.8094 | 0.8186 | 0.8237 | 0.8347 | 0.8370 | 0.8433 |
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