Possible retracement off of the 138.04 area with price heading maybe crossing the EMAs. The CMO is taking a bearish turn and the AROON + line is at 100 while the MACD and the RSI have been at overbought lvls since early November.
Wait to see if the support and Fibo lvl hold price. I would want to see at least two test off the 138.258 area before putting in buy or confirmation if it will continue lower to the .618 lvl.
Wait to see if the support and Fibo lvl hold price. I would want to see at least two test off the 138.258 area before putting in buy or confirmation if it will continue lower to the .618 lvl.