Chart formed descending triangle pattern and breakdown. Then, price made a pullback and potential to move downside till the 97.00-99.00 area. Harmonic support ( Fibonacci external retracement 161.8% + Fibonacci price projection 100%) at 97.00 will be a strong area to touched by the price. Price also move below the 20 EMA , that indicate that the bearish movement will be continued. As long as the price doesn't break 119.00, this analysis is still valid.
DISCLAIMER ON!
This analysis is based on my opinion, I will not take any responsibility for your trading losses.
DISCLAIMER ON!
This analysis is based on my opinion, I will not take any responsibility for your trading losses.