Price failed to bounce back from the support zone formed by SMA 100 and the uptrend line. It seems to me heading towards lower levels such as fibo 0.50 or 0.38 as shown in the chart. I would expect the zone formed by the intersection between SMA 150 and fibo 0.50 to be a strong resistance zone and a possible good entry level.
Comentarios:
DMI and MACD show the bearish movement