After C.T.L break, price retraced to 50% fibonacci level. A hanging man & engulfing candlestick formed hinting a trend continuation to the downside. Most recent candle is a bearish engulfing meaning sentiment is on the short side. Looking back to mid June. The higher low of the previous uptrend and now previous low of the downtrend has shown us a support now turned resistance (shown by blue bar)
Target 1 is 1.1000
Target 2 is 1.0950
Stops above 50% fib level
Target 1 is 1.1000
Target 2 is 1.0950
Stops above 50% fib level