RSI is extremely oversold on MONTHLY.
January couldn't close below 61.8% Fibonacci.
Once Feb will close around 1.13 we can see possible reverse up as it will be ideal morning star with Doji.
But nonetheless the trend is still bearish.
Move up can only indicate correction (maybe to relax RSI)
Watch 1.12/1.21 as medium term range.
Intelligent trades!
January couldn't close below 61.8% Fibonacci.
Once Feb will close around 1.13 we can see possible reverse up as it will be ideal morning star with Doji.
But nonetheless the trend is still bearish.
Move up can only indicate correction (maybe to relax RSI)
Watch 1.12/1.21 as medium term range.
Intelligent trades!
