after the previous down trend touched the supporting line of 1.17055,we had upward trend started as it could be possibly a new upward trend or the correction of the previous trend,to make sure about it i used 3 fibo time indicator which showed the vertical line as you can see which is exactly the same time of our previous down trend to see if the buyer have the intention to break the previous resistance of 1.22461 in this same given time.
as we see they couldn't and it reach the 78.6 fibbo and now i expect it to go down to fibbo 50 and 61.8 or 78.6 but in a certain time of MAY15 .
as we see they couldn't and it reach the 78.6 fibbo and now i expect it to go down to fibbo 50 and 61.8 or 78.6 but in a certain time of MAY15 .