Since 1.2659 rally, we can see 2 fibo's set with retracement equally at 50%, the actual high is in fact, exactly 1.618% extension of the first swing.
As you can see with the MACD the momentum shows no divergence as with the fibo retracements (until now) show no deceleration of the trend.
There for if the price gets over pass the very next phantom resistance I suggest to buy looking for at least the 1.37 high with stop loss a little below the 1.3347 for a minimum risk reward of 1 to 1.45
As you can see with the MACD the momentum shows no divergence as with the fibo retracements (until now) show no deceleration of the trend.
There for if the price gets over pass the very next phantom resistance I suggest to buy looking for at least the 1.37 high with stop loss a little below the 1.3347 for a minimum risk reward of 1 to 1.45