- RSI negative divergence at bottom (1.15286)
- The resistance area (1.16522-1.16744) still strong
- The decline (correction) to the Fibonacci Retracements (0.5) area is necessary
and does not indicate whether the pair continues to rise or fall
- So, we expect more of an increase and at least return to the 1.165221.16744 zone,
but not to Buy or Sell now!
- In case the pair rises out of this zone (Higher 1.16744 with strong rise candle),
will buy with the target at 1.18851
- In case the pair falls out of this zone (Lower 1.16522 with strong fall candle),
will Sell with the target at 1.15472
Comentarios:
Candlestick force is quite strong, surpassing the resistance area, so wait for a retest to execute a Buy order