

A 50% retrace will take us to 811. As long as we remain inside the trend line created by Intermediate A to Minor B the trend will be secure.
As I've indicated in the above chart, I expect a bit more down side on Tuesday, and then a return to the support level 3 at about 904. This should provide an opportunity to add short positions.
There were quite a few trend lines that apex at Monday's closing date, and this may significant of a (minute i) bottom.

Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.
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