It could continue to Fib Future D at at 1.37144/1.37135 - I think it'll be out of steam by then, 1.3700 would be a safer bet, if it makes it that high. There are signs of reversal in RSI and Stoch (Divergence) - beware.
Once turned I'd expect it to make it's way back down to major support at 1.38535. The whole trend is almost 500 pips so it's due a turn. I'll be looking for the reversal (RSI/Stoch/CAndles) and take a nice sell for around 100 pips if I can.
Once turned I'd expect it to make it's way back down to major support at 1.38535. The whole trend is almost 500 pips so it's due a turn. I'll be looking for the reversal (RSI/Stoch/CAndles) and take a nice sell for around 100 pips if I can.
