Still holding shorts from early July. EJ has moved *yawn* sideways for a month. Today's evening star + potential head and shoulders pattern gives further evidence to downside in the days ahead.
The 0.382 retracement level from July 2012 lows & 1.618 extension downwards from May 2013 high put's the target squarely in the 118.50 area which also co-incides with daily support from earlier this year. Hold shorts into this area and build up positions as PA develops..
The 0.382 retracement level from July 2012 lows & 1.618 extension downwards from May 2013 high put's the target squarely in the 118.50 area which also co-incides with daily support from earlier this year. Hold shorts into this area and build up positions as PA develops..