Since tomorrow is the last trading day of the month, lets review what is and what could be. First, looking at the monthly chart…Price is sitting just below the 23.6 fib as shown in the chart. A monthly close below there could very well take the pair to the 11.8%.
Looking at the weekly chart, it would not surprise me to see price test the 23.6 weekly fib at 1.5070 before the end of tomorrow.
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