- Wed's rally halted at 1.5480, just 1 pip ahead of the 1.5481 23.6% fibo
- 1.5481 = 23.6% of the 1.7192/1.4952 decline from Jul 2014/Jan 2015
- Below this fibo stay with the short trade
- Trend indicators close to overbought levels
- Could signal a short-term top