Price struggling to breach the strong resistance level at
0,9680 on the monthly chart. A monthly close above it would
give a Ichimoku Kumo break buy signal, with a bullish
kumotwist already in place and the lagging span then
closing above price.Price could the target parity by 2012
high.If breached, the ABCD is in play with first objective
at the 61,8 fib around 1,0480. Ultimate target , D level is
in approximity of the 38,2 fib of long term bear wave
2000/2011 and low 2004, high 2010. A bounce off the Kumo
would target next support at 0,94.
0,9680 on the monthly chart. A monthly close above it would
give a Ichimoku Kumo break buy signal, with a bullish
kumotwist already in place and the lagging span then
closing above price.Price could the target parity by 2012
high.If breached, the ABCD is in play with first objective
at the 61,8 fib around 1,0480. Ultimate target , D level is
in approximity of the 38,2 fib of long term bear wave
2000/2011 and low 2004, high 2010. A bounce off the Kumo
would target next support at 0,94.