The pair is currently @ 1.2259 on the 0.618 Fibo Support  We could bounce @  trend line the S4 @ 1.1625 or a little lower @ the 0.786 Fibo @ 1.2198 area.   Upper  target is  the 0.382 Fibo  @ 1.2326. A break out targets the 1.2148 bottom.

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Comment by endurance idahosa on August 10, 2012 at 1:27pm

No long for now. the zone is volatile. i just lost my money now.

 

Comment by Scott Barkley on August 10, 2012 at 3:46pm

That is why we WAIT for the bounce not take a bounce before it happens - you can see the bounce did happen

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