still thinking of a further decline on that currency paire.
need to break the line support arround 99.00 in order to collapse towards 98.20 ( first support) then 97.00.
deep buyers are waiting to go long arround those figures and levels .
this paire has been doing very good since the begining of this year 77.70 towards 103.74 so a consolidation is needed at those price levels;
opposite situation for eurusd. 1.33 is a very attractive level to short. i see no need for a strong euro while the whole europe is in red lights . the need of a weak currency is necessary to get out of the austerity .
good luck
need to break the line support arround 99.00 in order to collapse towards 98.20 ( first support) then 97.00.
deep buyers are waiting to go long arround those figures and levels .
this paire has been doing very good since the begining of this year 77.70 towards 103.74 so a consolidation is needed at those price levels;
opposite situation for eurusd. 1.33 is a very attractive level to short. i see no need for a strong euro while the whole europe is in red lights . the need of a weak currency is necessary to get out of the austerity .
good luck