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After a massive unexpected pullback to the downside we can hopefully see this pair rocket up. This is just a possibility and my opinion. There is definitely more room for it to drop lower if it wants to for more corrective moves however i believe with the way its been behaving recently over last couple months we should see it go long.
5
Short term possible move as price needs to correct itself
1
Price has entered ken area of resistance. should expect a corrective drop to the downside.
2
Price is reaching the 61.8 Fib therefore possible short. Retracement; we are in an obvious downtrend. The blue zone also indicates a previous support zone as marked on the left. We should profit approx 190+ pips.
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