Price has reached the confluence area of Yearly S1 and
the 61,8 fib of Aug 2012/March 2014 swing 1,3425-50
and is showing some respect of the level. Current level
is also the bottom of a barrel channel the downward move.
Targets of a bounce from here is 1,3620 and 1,38-3850
(Monthly S2 and Monthly S1/0,5 fib and Horizontal resistance)
the 61,8 fib of Aug 2012/March 2014 swing 1,3425-50
and is showing some respect of the level. Current level
is also the bottom of a barrel channel the downward move.
Targets of a bounce from here is 1,3620 and 1,38-3850
(Monthly S2 and Monthly S1/0,5 fib and Horizontal resistance)