On the Daily,price broke below major support at 0.88049 and is set to test the 78.6% Fibonacci Retracement of the 0.86904-0.8913 price swing.We expect price to head lower towards the 0.86904 price level after clearing this level to challenge the 22nd May 2019 low.Further decline could take us to the 161.8% Fibonacci Extension of the aforementioned price move at 0.85490.
Stop loss should be placed a few ticks above 0.8913.
Trade Responsibly!
Stop loss should be placed a few ticks above 0.8913.
Trade Responsibly!