Previous week analysis talked about price moving down for around 100 pips and 300 pips in the long term. The price has reached both targets in four days. Price started on Monday with bearish move down reaching demand zone around $1.06736. From there price bounced back up, but that bounce was a small one. From there the price did not stop until reached $1.05000 level where sellers get out from their trades. The price retraced back to the first resistance level at $1.05825. The whole week was in a selling mode which shows the weakness of Euro and strength of the U.S. dollar. Next week we can expect some retrace for ... (full story)