After the impulsive bearish move as expected and breaking the important 1.40072 support zone, market is now in a over-extended condition so I except a retracement move to the broken support and if bears could successfully manage to protect that area another bearish impulse and short opportunity would be expected.
Kommentera:
It seems the correction is over
Trade stängt: målet nått:
First target is reached, if the bearish momentum continues prices can potentially drop to 1.386 and eventually 1.382.