The price continues to decline in a slow orderly fashion. It is important to pay attention to the support zones for a bounce and a possible continuation of the bullish trend
. One key level is at 1.2745 where the high on the June 18 intersects with the current support trend line
. I believe the strongest zone of support to be between 1.2515 and 1.2587 where the previous breakout occurred.
Zones of Support
1st: 1.2824 - 1.2809
3rd: 1.2662 - 1.2587
4th: 1.2515 - 1.2434
Zones of Resistance