if it breaks the red line then we will see short testing 9.31290. My forecast for that pair for end of the week 9.46000
The pair will continue to remain somewhat volatile as the Euro-Zone faces a myriad of issues.
The 2000 and 2007 down trends seem to have really started when the blue Stoch RSI line crossed below 20, which seems to just occurred here. Will a downtrend start in the next two months instead of September? Stay tuned! Same bat-time, same bat-channel!