EURO AFTER COMPLETED A DISTINCT CRAB SELL PATTERN A STEADY SELL OFF ENSUED,THE PRICE ACTION REVERSED SHARPLY FROM HARMONIC RESISTANCE AT 1.2350 , IN FACT AFTER THE EURO HIT THE 0.382 IPO AT 1.2068 THE SELLING INTENSIFIED AS PRICE ACTION QUICLY TESTED THE 0.886 BEFORE BOUNCING BACK FROM 1.1703
ALTHOUGH THE 0.382 AND 0.618 PROFIT TARGETS WERE EXCEEDED .IT IS STILL IMPORTANT TO MONITOR THE REST PRICE LEVELS AS MEASURED FROM THE PATTERN‘S LOW POINT TO REVERSAL HIGH TO ESTABLISH NEW PRICE OBJECTIVES, BEYOND THE 0.618 THE PRICE MEASUREMENTS OF THE 0.786, 0.886,1.0, 1.27 AND SO ON SHOULD BE CONSIDERED AS WELL, SO THE NEXT DOWNSIDE TARGETS COULD BE 1.1610, 1.1410
NOTE:- IT IS LIKELY TO SEE EURO REBOUND OFF 1.1680-1..1700 RANGE TO HIT 1.1950 OR 1.2100, ALSO EURO NEEDS TO BREAKOUT THE DOWNTREND (NO 2) THEN 1.2245 TO BE ABLE NOCHATING A NEW HIGH ABOVE 1.2350
