Wave E continues to progress lower. It has found support at 1.4305 which is the 61.8% fibonacci line and the top of the Ichimoku cloud. From here there is the possibility of a bounce, probably to 1.4350. The down-trend will probably resume eventually, however, with 1.4150 as a probable target.
Analysis by: Joaquin Monfort
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.