In an earlier video, I spoke about the corrective move higher and how the sellers had to hold the 1.0896 level. Risk was defined against the level. Sellers could lean with limited exposure.
If done, the price has since wandered lower and now tests the next target at the 38.2%.
The sellers are still in control. What next?
Watch the video below to see the next steps for sellers.
This article was written by Greg Michalowski at www.forexlive.com. Source