Confluences: - GU was ranging without any signs of momentum. Last week, a breakout of the range occurred after a massive push to the downside - Broke below 1.35000 support region without retest. - Retest level (1.35000) which is currently the support-turned-resistance level falls inline with the 61.8% fib reversal levels.
A potential push to higher fib extensions may occur, will look for signs of rejections once market reaches the sell zone