- AB=61.8% of AX leg.
- BC=76.4% of AB leg.
- Fibonacci projection of BC leg meets 78.6% of XA at 128.10.
The trading range for today is among key support at 129.40 and key resistance at 135.50.
The general trend over short term basis is to the downside, targeting 118.80 as far as areas of 150.75 areas remain intact.
|Recommendation||Based on the charts and explanations above our opinion is, selling the pair around 132.25 targeting 129.40 and stop loss above 134.35 might be appropriate.|