We see a strong support in the highlighted area so here is my analysis, by looking at the oscillators it seems very over sold which made me think that it will bounce off the strong support.
But due to the double top we might see a downtrend continuation, by using external fib it will probably drop to 1.618 (The target I highlighted)
So I think we should wait for the test on the support to see which scenarios are going to be executed.
I suggest to wait for confirmations on the strong support
But due to the double top we might see a downtrend continuation, by using external fib it will probably drop to 1.618 (The target I highlighted)
So I think we should wait for the test on the support to see which scenarios are going to be executed.
I suggest to wait for confirmations on the strong support