Message 24

Price has broken through the support level to a low of 1.4252 at London open - FTSE will open near 1% down I think.

Price has started to retrace now...to confirm a breakout the price must close below the suppot line, however there is clear downward pressure on the Euro and thus I'm looking to short it from a higher position...Ill be watching the price over the next couple of hours.

The next level of support on my 3H Oanda chart is 1.4200 area which is also the 50% fib of the Aug17-21 swing high/low.