Last week's analysis predicted the price to drop from 1873 to 1825 and the target has been achieved. Another 2 potential targets below for the near term are 1807/1802, and 1785/1776. The bias remains unchanged for now as long as the price could stay below 1867/1860. However, FOMC this week could create some volatility in the market to hunt SL & BE before it carries on the move. Let's see what we get from FED this week and monitor this level by level.
Trade closed: target reached:
Target achieved at 1804