If the downward movement continues, a breakout of this support to the 61.8% fib is a possibility,
or even go further from here.
If a retraction arise, from this Support where we are, or from below (acting as a false breakout of this support), we will look for the last lower lows from structure, around 1.108 or 1.122, however, the 61.8% fib extension from the eventual leg that is now being created to 1.088 (if we get there), points to a double top around 1.122 area.
or even go further from here.
If a retraction arise, from this Support where we are, or from below (acting as a false breakout of this support), we will look for the last lower lows from structure, around 1.108 or 1.122, however, the 61.8% fib extension from the eventual leg that is now being created to 1.088 (if we get there), points to a double top around 1.122 area.
