Price respected the 50% fib at the 1,1080 area. This is also the area of the neckline. As already mentioned, resistance is big around here. I expect price to drop from here. My indicators are pointing to the downside and the 100-EMA on H4 (Blue line) is getting flat. Price wants to break through 21-EMA on H1, which will cancel my strategy to buy dips. I am waiting for more confirmation, especially around 1,1060. Soon I'll start to sell rallies again. For now I am on the sidelines.
Green pips to you all.
Green pips to you all.
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