It could rebound here, also on Fib from breakout to ATH, this level is the 61% retrace so maybe the start of wave 3 on the daily. RSI looks low on daily also. This chart is formatted log so it looks like there is a respected trendline on the daily. Nexus is a cool project and it looks like everyone dumped after the conference, maybe they paid P Schiff in Nexus...
Hope it drops sooner, this is just a simple clonage within this long term channel. Fundamental factors to consider, oil dropping further, BOC lowering interest rates this week, could wick out to 1.48. US bad data last minute revised GDP after market closed last Friday 1/15, if USD starts dropping this pair could just go sideways for a few weeks. The risk for...
Just checking if this level holds based on daily dynamic support from back in April 2015