Well, look at this chart. It looks like we have a strong resistance level at 1.19050 which is matched with 50% Fibo level. I don't know about you, but i like to trade 50% Fibo level. But you need to trade this idea careful: we also will have a some semblance of triangle construction if the price reach our strong resistance level. But don't worry and put your stoploss over the huge down impulse. This movement means that we have a strong seller at 1.21350.
The goal is expected by support level at 1.12000 near the 161% Fibo level.
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