As currently we are seeing price is below EMA 200 after 46 days and is below the strong resistance.
As price has successfully bounced from the strong demand zone and retraced to 38.2% FIB level and currently the price is also below 38.2% FIB levels and it has to break the resistance to hit the next targets.
As long as the price is below 200 EMA the structure of market is weak.
So we have to wait for some further price action which will confirm the next move of the market.
