Price is in a downwards channel and has slipped under old support, it has tried to pass this area (111.687) twice now and has failed to do so. This could be a very nice short opportunity.
Entry - 110.870
TP 1 - 110.460
TP 2 - 109.762
TP 3 - 109.292
TP 4 (Target) - 108.739
Entry - 110.870
TP 1 - 110.460
TP 2 - 109.762
TP 3 - 109.292
TP 4 (Target) - 108.739
Comment:
Price may very well rise further before falling. I expect the price to fall to the 61.8% fib region and possibly retrace back up, it's way too early to be making that kind of prediction but it's good to know what could happen.
Comment:
Wrong char, sorry.
Comment:
