Trend: Down
Momentum: Retracement
Retracement stopped dead on at the 158.57 38.2% level (cited here the past few days) in a market where there is little otherwise between 158 (around the 200 day mva) and 160+ (making 158-160 a no man’s land for trading).
This should leave trader’s on edge over the threat of intervention although risk seems more likely if I makes a run at 160.
Back below 158 would cool the risk.
FIBOS for 163.98-155.22 at: :
158.57 = 38.2%
159.50 = 50%
160.53 = 61.8%
(AT daily chart)
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