The price is testing a crucial level for further movement of 61.8 Fibonacci retracement at 1.3030. As long as the price stays below this level, it will be most likely hovering for a while between 61.8 and 50.0 Fibonacci levels. Then it will retrace towards 1.2830. The level 1.2700 will be a strong support in the long-term.
However, if the price pierces through 61.8 Fibonacci retracement, the level 1.3240 will be eyed in the long-term.
However, if the price pierces through 61.8 Fibonacci retracement, the level 1.3240 will be eyed in the long-term.
Commentaire:
The parity price has pierced through 61.8 Fibonacci retracement level. In this case, 1.3240 will be eyed.