The price is currently testing the bullish trend line from 09 May 2013. I would like to see the price to break this before the end of today's trading. Upon breaking the next target will be the bullish trend line from 14 September 2012.
As long as price stay below 1.03250, I still think that the decline will continue.
Stochastic lines are still in the oversold area, meaning of a further decline. MACD line below the 0 level showing more downward movement together with the Signal line about to cross. RSI line retesting the 30 level just above the oversold area. ADX line showing strong trend which is currently a bearish trend.
Since the ADX line is above 40, a downward turn can make me decide to close the trade and bank my profit.
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