(Click on the Daily chart to enlarge it)
The Resistance at 134.41 last wek confirmed the current Bearish trend...
Now, prices are at exactly the bottom of a major Bullish Channel. So expect a Bullish correction before a new wave of this Bearish trend resumes.
My strategy is to SELL SHORT at the following resistances: 132.19, 132.45 and 132.82. I don´t expect prices to correct this far but watch out for a possible strong Bullish correction up to the final resistance at 133.32, which is exactly the 61.80% Fibo correction of the last bearish move 134.41 to 131.56.
