ユーロ/円

Previous idea failed. What now?

97
Hi Folks:

Previous idea failed. Latest daily candle was quite bearish but we are approaching an area that can provide a good support and a good attempt to bounce after this important pull back.

I have redrawn a couple of descending channels that so far are respected and let's see which one will be the chosen one.

At this point it seems appropriate to wait for a clear confirmation rather than finding the bottom.

5 Weeks in a row in red, most probably will hit 128.6x before a possible bounce.

Cheers.

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