(Click on the chart to enlarge it)
Prices clearly broke down a Bullish Channel, possibly unleashing the bears. But the 131.52 / 131.03 is an important support zone.
And even though the Stochastics are pointing down, it is too away from its signal line, showing that this support zone 131.52/131.03 might work.
My strategy is for caution. A pullback to 132.20 might happen...
So, any strong move above 132.20 favours the bulls and the break down of the support zone 131.52/131.03 triggers a big bearish move. I will try to catch these moves...
