After a huge impulse down on the monthly chart, pair began retracement (which has now gotten to and rejected the 78.6% Fib level). On weekly time frame, pair is currently around previous weekly support. If pair should respect and reject level then it could signal the end of retracement.
I would be watching pair on daily time frame, for break below daily support (around 0.6372) and be looking (on 4hr time frame) to go short at the retest of level; with short term target around 0.6232 and a longer term target around 127.2% Fib extension level of retracement at 0.5060 (green line)
I would be watching pair on daily time frame, for break below daily support (around 0.6372) and be looking (on 4hr time frame) to go short at the retest of level; with short term target around 0.6232 and a longer term target around 127.2% Fib extension level of retracement at 0.5060 (green line)