Ask the longs at 1.0335 because they will tell you the trend is still in tact – if you believe in FIBS and the 38% rule.
As it goes that rather famous Italian bloke was rather clever. I like FIBS because they work for me. Not all the time but as a trader you should remember this:
All of it works some of the time
Enough of that let’s get down to business.
Where am i bid ? 1.1710 and more at 1.1660 Where am i wrong ? 1.1640
Here’s my chart: