{quote} Right on. That was the level truest to the golden level definition. Add to that factlover's TL and you had enough technical support for a nice bounce (perhaps even more). Here is the chart again with the TL. I also noted another level @ 1.4378 which exists at the outer boundary of the current range.
). It looks like a possible reversal area as it was already a couple of times (including mentioned 1.4378 level).GL looks well defined by itself and we see Murrey 4/8 median level here, plus old weekly trendline may add more support, it comes from weekly chart drawn from lows at Jul 2013 and Apr 2015
That range is in play, however note how price is responding to the innermost levels (golden levels), not the levels formed by the outer lows of the range. Q {image}
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