we will have to see about that, but since the 3160 had 7 fibonacci levels overlapping it:
http://www.forexfactory.com/showthre...20#post5435120
when such levels with strong fib get broken its like the Hoover Dam breaking loose.
I would expect around that 3050 level get broken, purely because of momentum. Here are the fib levels for 2950
http://www.forexfactory.com/showthre...97#post5447797
In another word, the fortress is beginning to crack, and its just a matter of time before a real hard move pushes this thing further down.
http://www.forexfactory.com/showthre...20#post5435120
when such levels with strong fib get broken its like the Hoover Dam breaking loose.
I would expect around that 3050 level get broken, purely because of momentum. Here are the fib levels for 2950
http://www.forexfactory.com/showthre...97#post5447797
In another word, the fortress is beginning to crack, and its just a matter of time before a real hard move pushes this thing further down.
Dislikedyour dotted support circle seems better one expecting some reaction at 3050/80Ignored