As expected price reacted at Weekly Supply Zone at 1.3420 - 1.3500 and thereafter had a sharp fall straight to my predicted target of 1.2750.

However, price was instantly reversed and is currently sitting at 1.3200 zone. I am not expecting price to hit my target by 1st August 2013 instead I am expecting an up move into 1.3300 to 1.3350 zone which is a Daily S/R flip zone and fresh supply zone. Once price hit this level than I am expecting some bearish price action.


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