Maybe another retest of previous major upport or maybe a drop from this local resistance level and a new bottom.
The local fibonacci retracement (recent high to recent low) says it has to reverse between 0.545-0.55 if it want to go further down from here. If not then it will reclaim 0.565-0.57 again
The local fibonacci retracement (recent high to recent low) says it has to reverse between 0.545-0.55 if it want to go further down from here. If not then it will reclaim 0.565-0.57 again
Comment:
The bulls did not reverse from 0.55. So we have reached 0.57 from there as I said in my analysis
Comment:
Now we can see it back to 0.545 again. Then maybe it will go for another retest of the previous major support (0.565-0.575 zone)