Currently long @ 1.16749 with targets at 1.19022 and waiting to see if previous resistance at 1.1753 converts into support.
Ideally we want price to hold above 1.1753 and to buy at this level as it is has served as a critical resistance in the past and thus would be an ideal area of support and entry and it is in line with a 50% fib.
Any decline below 1.16749 will likely meet resistance at the 61.8% fib at 1.16981 where entry would be ideal.
Price projected to rise to 1.19022 where we find the next level of major resistance.
Ideally we want price to hold above 1.1753 and to buy at this level as it is has served as a critical resistance in the past and thus would be an ideal area of support and entry and it is in line with a 50% fib.
Any decline below 1.16749 will likely meet resistance at the 61.8% fib at 1.16981 where entry would be ideal.
Price projected to rise to 1.19022 where we find the next level of major resistance.
