Price has been trending downwards since the start of August. The move down last week took out a previous low, continuing bearish market structure. At the end of last week there was a retracement to the 0.295 fib level and rejection from it.
I'm looking for price to continue lower, aiming for a move down to the 21st July low of around 1.537.
I'm looking for price to continue lower, aiming for a move down to the 21st July low of around 1.537.