CapMoore

Price Hitting Yearly S2 With Further Downside Bias

FX:EURUSD   Euro Fx/U.S. Dollar
165 0 2
After bouncing off the harmonic D-level at 1,11 and finding
resistance by Yearly S1/Median line, we've seen some fast
action to the next support below D, at Yearly S2, as I predicted
in previous weekly update. This is a strong support zone on
monthly tf 1,07-08. However, chances are we will see a
continuation to the D127 at 1,03. Also, note possible support
by the 3rd quartile of the pitchfork channel. Ultimately, in the
longer term, after a breach of parity, D161 at 0,93 is in the
cards along the lower band of the channel, and Yearly S3.
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