There is a 1 hr CCI support level at 1.17104 area price may bounce here.
I will watch the 4hr RSI to see if it goes under 20 or bounces or goes through and then
wait until RSI is back up over 20 to indicate this move is done. If it goes through this area with force
I would think 1.164 would be the next area to eye followed by the weekly 23.8 Fib at 1.154.
However, give the bull strength of this move I would
expect EU to only do a small correction here and will like bounce at the 1.17 area.
I will watch the 4hr RSI to see if it goes under 20 or bounces or goes through and then
wait until RSI is back up over 20 to indicate this move is done. If it goes through this area with force
I would think 1.164 would be the next area to eye followed by the weekly 23.8 Fib at 1.154.
However, give the bull strength of this move I would
expect EU to only do a small correction here and will like bounce at the 1.17 area.