Here we can see that the market found support around at the 108.110 zone, we expect a pull back to test the descending trendline.
We will be looking to enter short around 109.169 which will be on the previous support level which we believe will now become resistance, it will also be on the 61.8 Fib and touching a descending trendline.
We will be looking to enter short around 109.169 which will be on the previous support level which we believe will now become resistance, it will also be on the 61.8 Fib and touching a descending trendline.