Attached M15 chart shows price sitting on fib extension level of 100%. Since range is still low compared to average and since the longer term trend is down, I should not be surprised if it goes down to the 162% level at 1.3840 after this pullback (pullup) to the 62% level.
At this point, with a good run down already under its belt, it could go either way.
At this point, with a good run down already under its belt, it could go either way.