looking lower to 1.49 and 1.41. edit* not a weekly close as of yet, but keep watch for weekly close this week.
long term. will price work it's way to 1550 and reverse upward at end of year?
please see chart for support and resistance levels.
wait for close below trendline support for confimation
notes on chart. if price closes below key trendline and horizontal support I would expect more downside to the 9700 level. Just something to keep in mind with other trade set-ups in the future.
$Eurusd Missed pivot. Selling opportunity to come around 1.3580?
entry long at 56.29 (10 points above 2.618 extension ), exit at 58.52 (sorry I have 58.59 on chart) (10 points below resistance and 161.8 extension toward missed pivot) time frame for exit: between 2/14/14 - 2/21/14 Be careful as we have now broken 2 upward trend lines on daily chart suggesting more downside in the long term.