I see many reasons to expect a rebound at this area.
Looking at monthly chart we have an AB=CD pattern and a bollinger band duplication (one of my favorite tools) near the 0.7000 level.
On W1 chart we have a strong bullish divergence on AO, wave 5 blue circled seems to be complete also:
Here on D1 chart:
- Wave 5 green complete
- Bullish divergence on AO
- Strong figure 0.7000
Best regards.
Looking at monthly chart we have an AB=CD pattern and a bollinger band duplication (one of my favorite tools) near the 0.7000 level.
On W1 chart we have a strong bullish divergence on AO, wave 5 blue circled seems to be complete also:
Here on D1 chart:
- Wave 5 green complete
- Bullish divergence on AO
- Strong figure 0.7000
Best regards.