The trend is making a downside slope here. I applied the Fibonacci retracement to set the levels. In the beginning, it's an uptrend. From the 1.20114, it started to fall. In between the resistance and support trendline, it tried to climb and made minor support. the trend rose to the 1.17696, then it started to fall again. It will tumble to the 50 percent then 68.80 percent.
So, my targets are clear. For day traders, the target level is 1.15900.
If it breaks the level of 50 percent, then the target would be 1.14904 for the short term investors.
NOTE: Don't buy if it crosses the resistance trendline.
So, my targets are clear. For day traders, the target level is 1.15900.
If it breaks the level of 50 percent, then the target would be 1.14904 for the short term investors.
NOTE: Don't buy if it crosses the resistance trendline.