After breakdown weekly TL price found a bid in the supply zone (0,91 - 0,92). The resumed rally was rejected on the MA 200 weekly zone. In a new attempt to rise I expect price keep being rejected this time by EMA 50 Weekly (0,9624); MA 200 Daily (0,9604); MA 200 4HR (0,9622). My plan after seeing 4 daily doji candles in the commented zone is take a short trade with stop over the weekly rejection (0,9785) and looking for: Target 1 at old supply zone 0,9200 and target 2 at the extension of the last fibonacci retracement (0,8900).
This trade may take several days, weeks.
This trade may take several days, weeks.