This pair has been annoying me for quite some time. I was expecting higher values, when we were around 1.1029 (@ the 38.2 fib) and then it sold off aggressively only to stabilize again and as far as I am concerned, it stabilized in the middle of nowhere. Also, I'd like to point out these two failed breakouts, which created two very similar (almost equal) zones, if I may say so. I'm not sure if these zones hold any significant importance but I cannot ignore the fact that they are there.
I am looking for two things - either we break to the lower "zone" or we will go higher to test the 61.8 fib area. Right now, I'd say it is 50/50.
I am looking for two things - either we break to the lower "zone" or we will go higher to test the 61.8 fib area. Right now, I'd say it is 50/50.