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Close below key Fibo support/cloud top opens way for further weakness - Windsor Blog
Thursday’s eventual break of pivotal support at 1.1064 (daily cloud top / Fibo 38.2% of 1.0878/1.1179) where bears paused for two days, was strong bearish signal. The pair hit new three-week low at 1.1035 in Thursday’s bearish acceleration, which cracked 55DMA (1.1041) and pressuring 1.1029 Fibo support (50% of 1.0878/1.1179). Weekly chart shows strong bearish …