Price may attempt to test the Weekly Pivot Point before continuing with its
trend down. The Weekly PP is in confuence with the Daily PP and will be a good
level to add to shorts at 1,0675. However price may first test sthe Weekly S1 at 1,0585.
Either way, the general strategy is to go short on a pullback.
A natural target before the multi year low, stands with the Weekly and Monthly
S2 confluence level at 1,0528-32. It will be a strong support level.
trend down. The Weekly PP is in confuence with the Daily PP and will be a good
level to add to shorts at 1,0675. However price may first test sthe Weekly S1 at 1,0585.
Either way, the general strategy is to go short on a pullback.
A natural target before the multi year low, stands with the Weekly and Monthly
S2 confluence level at 1,0528-32. It will be a strong support level.