but chances seems good that price will complete the ABCD
pattern starting from the bounce off Yearly R1. The
target level hold a confluence support of 76,4 fib, Yearly S1,
Bottom of the channel and the D-level. Such a cluster
of support tends to attract price as it moves close when buyers
resignate and sellers come in. Since the USDOLLAR index
still has some room up before reaching the Price Reversal Zone,
it adds to the chances of a final run down to test the 1,5375-1,54 level.
Possibilities of a correction from here are also present, but
a close below 1,5575-1,56 will considerably increase chances
of a final move down. Note that Price has put in a Kumobreak
two weeks ago that has seen followthrough. This may indicitate that
the move down may continue even further than the 1,54 level. With
not much support below 1,54, next level would be 1,48.