Despite the recent rebound, the structure of lower highs and lower lows is still in place as price is trading within a short term bear channel as well, that comes after a successful break below the main rising trend line for the wave started from July 2013. If the bearish scenario plays out, we will probably see a push back towards the 1.3400 level near the 200-days SMA. Holding back above 1.3700 may start to damage the bearish configuration.
wait for GDP news...positive news result in possible breakout higher towards 1.38 region
hugocarvalho86
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my stops are 140.04 but i don't think i will make it :(
JulioFilho
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Maybe the message was to wait. Well, I spotted the same aspect and went short, got softly hit by today's rally. That is life.
vaicru
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and now ?
Technician
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try to know if ur asking or ur being sarcastic?
Technician
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or maybe both?
vaicru
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:)
Technician
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really strange, ppl like ur self have to be banned, as they take only and never give back. i have been correct more than 75 percent in a four-month period, but ppl like you will never appreciate things like that, as they have a jealous nature.