We know that price has gained some support however when drawing the fib levels and looking at the chart holistically it seems to be simply in a pullback and we could see a further decline possibly to 1.22522 and then 1.21496.
We are looking to enter this trade after there has been confirmation price has been rejected at any one of these Fibonacci levels, hopefully, the 50 level to give it maximum spring to the downside
We are looking to enter this trade after there has been confirmation price has been rejected at any one of these Fibonacci levels, hopefully, the 50 level to give it maximum spring to the downside