Although in the last 11 days we have observed dollar strength, my outlook for the coming days is still bearish. Current move can be classified as corrective or as a pull back to the previous trend line. In the next few days we should see a breakout out of current consolidation and then bearish resumption.
The support and resistance levels which have been calculated with Fibonacci retracement levels are as follow:
1.5317 - 100%
1.4815 - 61.8%
1.4654 - 50%
1.4492 - 38.2%
1.4292 - 23.6%
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