The markets closed right on the .618 Fiblevel
-Daily Indicators looks more bullish for me
-Hourly Indicators look more bearish for me (MACD overcross even when its sloppy, and the RSI was rejected at 70)
Its like really a coinflip right now, it kinda wants to take a breath from this heavy downtrend but maybe this was it already.
I expect that the market will recover over the next days to atleast the .5 fiblevel which would bring us 1.20540 and also near the 24H 21EMA.
Later in the day I will update this analysis for specific targets depending on which way the market will move.
-Daily Indicators looks more bullish for me
-Hourly Indicators look more bearish for me (MACD overcross even when its sloppy, and the RSI was rejected at 70)
Its like really a coinflip right now, it kinda wants to take a breath from this heavy downtrend but maybe this was it already.
I expect that the market will recover over the next days to atleast the .5 fiblevel which would bring us 1.20540 and also near the 24H 21EMA.
Later in the day I will update this analysis for specific targets depending on which way the market will move.