Daily candle broke the red 200 but failed to close above it.
The price failed at the aqua colored 100 sma/pink 300 sma on first attempt @ 1.5764. The daily high 1.5766.
We may see a weekly range between the yellow 38 fib and the yellow 50 fib this week, depending on Market Sentiment, which reversed to bullish from quite bearish. This relief rally could last a few more days, targeting the upside sma's.
The price failed at the aqua colored 100 sma/pink 300 sma on first attempt @ 1.5764. The daily high 1.5766.
We may see a weekly range between the yellow 38 fib and the yellow 50 fib this week, depending on Market Sentiment, which reversed to bullish from quite bearish. This relief rally could last a few more days, targeting the upside sma's.