So bigger picture, until we break the 133.000 Higher Low, we're still in an uptrend technically speaking.
You can see the support forming within the pennant formation, which con-fluently lines up perfectly with the 61.8% Fibonacci Level.
Anything between 134.800 and 136.400 is a no trade area for me.
Initially there doesn't seem to be a lot of downward target to aim for. However, there is a bigger swing low to high which has the 61.8% around 131.200 which would be a longer term target.
You can see the support forming within the pennant formation, which con-fluently lines up perfectly with the 61.8% Fibonacci Level.
Anything between 134.800 and 136.400 is a no trade area for me.
Initially there doesn't seem to be a lot of downward target to aim for. However, there is a bigger swing low to high which has the 61.8% around 131.200 which would be a longer term target.