In December Fed rate hike is almost certain, so USD will get stronger. By observing weekly and monthly chart I came to conclusion that selling prevailed on higher level and it retraced to down. Next Fibonacci retracement support comes at 0.69284. So I am expecting price near to it at 0.69210.


TARGET: 0.69210
CHARTS: WEEKLY and MONTHLY
TOOLS USED: PRICE ACTION, MACD, FIBONACCI RETRACEMENT, ICHIMOKU CLOUD

WEEKLY CHART:



MONTHLY CHART:
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