So as expected it hit the 38.2% retrace at 1.93 and reversed after tagging the 100 week EMA
As a point of interest the sharp decline to 1.085 was 51 bars and the subsequent 38.2 % rally is 19.5 bars so we have time and price squared at 38.2 % which could cap the rally or at least produce a pull back to the 23.6 % Fibbonacci at $1.61.
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