Bearish wave (a) ended at level 1.5560
then corrective bullish wave (b) rejected from major downtrendline and 50% Fibonacci level at 1.5634
Pair is based below resistance level at 1.5600
Below SMA 100
RSI is below level 50
MACD shows start of bearish momentum
It's expected forming bearish wave (c) to target level 1.5480
then corrective bullish wave (b) rejected from major downtrendline and 50% Fibonacci level at 1.5634
Pair is based below resistance level at 1.5600
Below SMA 100
RSI is below level 50
MACD shows start of bearish momentum
It's expected forming bearish wave (c) to target level 1.5480