- “Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open).”
- The break of 1.3476 completed a topping process with targets of
1.3294 (origin of diagonal), 1.3209 (2 equal legs), and 1.3012 (head and
shoulders target). 1.3476-1.3512 is now resistance and 1.3550 is
important to the integrity of the identified bear trend.
