The pattern Wedge Falling is still in place (see the thick blue lines...). We now have important support zones at 1.1860 ( low of March 10th, 2006) and 1.1830 (low of February 27th, 2006). As we still don´t have any clear sign of a bullish reversal or bottom, be aware of new SHORT positions below these levels.
Pay close attention too to the low of the past 6 years (since Januray 2004...) at 1.1640. Even though prices are still in a very strong bearish trend, we can´t take this suport level along with the pattern Wedge Falling for granted. They might work as a Bullish reversal.
