We have hit a historically strong and stubborn support & resistance zone, a psychological round number 1.2400, a 0.618 fibonacci retracement of X-A, and our momentum has been weakening - and even broke to the downside.
Now its time to jump on the bear train again! Or at least I am.
Targets are marked on the cart, with a potential zone which we may very likely hit within the next 30 days.
Elevator, bring us down please.
Trade closed: stop reached:
Broken to the upside, we may see a bullish upside of 1.2550 and possibly 1.2700