As shown in previous post from 15th of September, I was expecting that price will come to 0.7250. Price went a bit higher, at the moment 0.7280.


I drawn 3 possible options. First (1) that we will reverse from here to round 50% Fibonacci retrace and then moved up again, broke recent resistance at 0.7280, retest it and then up again. Second (2) option is that 0.7280 resistance will be broken now, then retested and up again. Third option is that bears will step in to the market hard now and bring price all the way down to 0.7050 or even lower.
Since there was no interest rate raise in USA yesterday, last option is no so much possible.

There is no major red news in Australia and USA today and on Monday.

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