Both 38 and 20 EMA have crossed paths showing pushing the rate lower to a previous floor that was hit on 30th of July. That floor is bound to be tested again and that is probably where majority of the traders will step in to take advantage of the rally.
RSI was lowered to 8 and allowed us to see that we have reached a bottom.
Finally, using FIB, we were able to confirm the 0.618 retracement and now we should expect a rise in the rate.
RSI was lowered to 8 and allowed us to see that we have reached a bottom.
Finally, using FIB, we were able to confirm the 0.618 retracement and now we should expect a rise in the rate.