Looks like the uptrend is over after trend break and EA pair is now in a down trend. Divergence seen on MACD though not always very reliable was a trend reversal warning.
So it has just retraced to 68.1 Fib levels after a strong impulse and will possibly head down towards next support levels of 1.56612 and then 1.56573 .. This will make reasonable take profit targets if short selling.
So it has just retraced to 68.1 Fib levels after a strong impulse and will possibly head down towards next support levels of 1.56612 and then 1.56573 .. This will make reasonable take profit targets if short selling.