I think that the 242.70 will stall, but not bounce.
I think we get a pretty hard bounce down at 244.
IF that all happens then we will have a 50% retrace back to 240.80 area.
IF that happens I think we are gone to take out the high at 251
Just some observations from a couple of years of watching this pair.
I think we get a pretty hard bounce down at 244.
IF that all happens then we will have a 50% retrace back to 240.80 area.
IF that happens I think we are gone to take out the high at 251
Just some observations from a couple of years of watching this pair.