Sellers broke the support at 126.2 region. So we are looking for a retest of the broken support (now turned resistance) and a continuation to the downside until the next support level of 125.00 level. This level lines up with the 61,8 % fib retracement so we can lookout for possible rejections off this level back to the 0% Fib/Resistance level of 126.75. A break of the 61.8% Level will expose supports of 124.5 and ultimately 124.0 .
Trade active
Target 1 reached. The support level of 125.00 has been broken and is being retested. More downside in view?? We'll find out..Note
Trade is currently up 150 pips. Target 2 in view.Note
Target 2 was Smashed!! 05-May(05)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.