Pair's rejection at 0.9921 (61.8% Fibo expansion level) amid bearish price RSI divergence on hourly chart has opened doors for a drop to 0.9860 levels.
Meanwhile, bears should observe caution as rebound from 0.9886 (50% of 1.03284-0.9444) followed by a break above 0.9921 would negate bearish price RSI divergence and signal continuation of rally to 0.9990 levels.
Meanwhile, bears should observe caution as rebound from 0.9886 (50% of 1.03284-0.9444) followed by a break above 0.9921 would negate bearish price RSI divergence and signal continuation of rally to 0.9990 levels.
