On Monthly Price is approaching historic Resistance level at 1.20422 and Stocastic Over Bought. Look for Bearish Reversal as it begins a new downward ABCD. This would put the New C at the 50 Fib retracement on the Monthly and the New D Extension at the 1.618 = Target for the Bears to hit 0.80868.
Swing Traders should swing all the way south and Position Traders would set it and forget it south for the rest of 2017 into the new year.
Swing Traders should swing all the way south and Position Traders would set it and forget it south for the rest of 2017 into the new year.