Keeping my eyes tight on this one. 0.500 retracement from March 2013, and very important psychological and historical support level of 1.81
SL and TP as shown on chart
Downtrend in NJ probably going to continue after 0.500 retracement and hitting of the daily R1 Resistance + trendline resistance.
SL and TP shown on charts.
Let me know what you think!
As seen on chart, EG breaks out of consolidation wedge and is headed for lower lows. Expect it to test trendline, and whether it bounces or not depends largely on fears of Brexit.
We are seeing EC approaching and testing the daily support trend line and the 0.500 Fib level since March 2015.
Further breakdown of trend will see EC test the weekly support trend line.
Monitor closely and set your stoploss below previous lows.
SL: 1.4375
T1: 1.4950
T2: 1.5370
