If price fails to break the 190.318 and hold it as support, I believe we will see a drop down towards the 187.000-186.000 area. Leaving rates unchanged and with Japan starting to raise the pair may be getting weaker. I think price is trying to find its comfy zone.
1575 pips to catch if we stay within this buy curve to take Profit at 29411. Entry would be break out of this zone. Stoploss at the 27542!!
Entry is 161.709 Take Profit is 162.216 and your stoploss is 161.400... Thank me Later!
Looking at price analysis and fundamentals, I see the US indices dropping towards the 11900 area and drop even more further on later in the week.
With the fourth touch, I expect GPBAUD to become weak and push price towards the 1.72 area and down into the 1.70 zone. Here we have take profit 1,2 and 3. I used the sell impulsive moves within the triangle to determine my take profit takes once price breaks out and closes below buyers liquidity.
My forecast for XAUUSD are the sellers are going to takeover the market again and push price down towards the 1940's area. We broke the support range of 1861-1864 on the hourly and 15 min timeframe.
EurUsd I believe is over with the bears and the Bulls are looking to move in and push price up!! Next resistance is 1.10919...