XBRUSD, H2
In the H2 time frame, XBRUSD is in a downtrend and faces crucial support at 75.30, aligned with the 100.0 Fibonacci ratio. The RSI oscillator shows an oversold condition, potentially indicating a bullish momentum.
- If the price rebounds off the 75.30, XBRUSD will rise to 77.50 resistance;
- Breaching below the 100.0 Fibonacci will drop the price to 72.40 support.