On June we reached 50% FB, on July we had a Inside Bar that couldn't break the closed price of June.
We are in a resuming consolidation stage.
1,5712 is key to try to go 1.69055
In my humble opinion price will try to break 1.49041, or at least, if you want to be more conservative price must try to move itself next week between 1.5712 - 1.52898
Any position short with a stop above 1.5880 and with a target to 1.49041 targeting first profit in 1.52898 would be a very good entry.
We are now right in the 50% FB retracement of monthly range too. Same occur in week frame time.
Regards
We are in a resuming consolidation stage.
1,5712 is key to try to go 1.69055
In my humble opinion price will try to break 1.49041, or at least, if you want to be more conservative price must try to move itself next week between 1.5712 - 1.52898
Any position short with a stop above 1.5880 and with a target to 1.49041 targeting first profit in 1.52898 would be a very good entry.
We are now right in the 50% FB retracement of monthly range too. Same occur in week frame time.
Regards