Let's just get this out of the way first, 1.7000 is not a level of interest. Yes, it's a big round major level acting like a magnet but it can be easily overshot. Having said that, I'll be looking at the following levels for weakness:
- 1.704X (high of 2009)
- 1.718X (if there's a stop run TODAY, then this is where price will hit the upper trend line. If there's a stop run ANOTHER day, then price is higher each day)
- 1.744X (level from 2008)
- 1.704X (high of 2009)
- 1.718X (if there's a stop run TODAY, then this is where price will hit the upper trend line. If there's a stop run ANOTHER day, then price is higher each day)
- 1.744X (level from 2008)
