It looks like it could be in the early stages of a reversal as the most recent candle tested the 200 sma and closed above the .50 fibonacci level.
A tight stop is necessary until the reversal is confirmed as it could move lower if it retests and fails to hold the 200 sma.
Short term target: 6.90
A tight stop is necessary until the reversal is confirmed as it could move lower if it retests and fails to hold the 200 sma.
Short term target: 6.90
