Comment:
Further indication of down trend confirmed to retest at 1.38500. As I initially said, get out of all sells and take profits once price retraces to 1.38500. When price reaches the 1.38500 level, I would be very cautious and begin to look for buy entries to retest to 1.40800 to completely fill and test the imbalance. Once that price target has been retested, I think we should see a solid down trend for some time.