Here we can see a Daily Fibonacci that is going to play out, it is also lining up with the current Monthly Fibonacci.
We have tested the 50% and nearly the 61.8% Fib level, but we got stuck and Monthly Resistance.
We are now waiting for the MA to crossover, and a Bearish closing break of the CTL.
Upon a break targets also line up with Monthly Fibonacci and Monthly Bearish historical support.
T1 - 1.01950
T2 - 0.98600
We have tested the 50% and nearly the 61.8% Fib level, but we got stuck and Monthly Resistance.
We are now waiting for the MA to crossover, and a Bearish closing break of the CTL.
Upon a break targets also line up with Monthly Fibonacci and Monthly Bearish historical support.
T1 - 1.01950
T2 - 0.98600
