Price dropped significantly today and touched the 0.7400 psychological level, the retreat is natural after the impressive rally, could come down to test and retest a static support in the upcoming days.
Could approach and reach the 0.7375 static support (resistance turned into support) after the failure to reach the third warning line (wl3) and the WL3 of the former ascending pitchfork. We may have a buying opportunity if the rate will consolidate above the mentioned static obstacle, but only if will take out the wl3 resistance.
A breakdown below the 0.7375 level will confirm a drop towards the fourth warning line (WL4), which represents a critical support.
