We finally got the third touch of the ascending trend line
last week and price broke through came back
to retest daily support at 1.31 which also set
up the H&S pattern. Over all target will be support
at 1.28. IF we see price break and gives a nice daily/weekly
closure below 1.28 we can expect to hit overall
target at 1.26 which will line up with daily support
and the ascending weekly trend line. One thing to watch
out for is very strong support around 1.29.
last week and price broke through came back
to retest daily support at 1.31 which also set
up the H&S pattern. Over all target will be support
at 1.28. IF we see price break and gives a nice daily/weekly
closure below 1.28 we can expect to hit overall
target at 1.26 which will line up with daily support
and the ascending weekly trend line. One thing to watch
out for is very strong support around 1.29.
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