Open trading account 
Monthly chart:
After it closed the year 2014 below 200 month SMA, the pair continued its journey to the South with increased momentum. Big support levels (1.20 level, then 2012, 2010 and 2005 lows) fell like dominoes. 61.8% retracement of the 2000 to 2008 uptrend was violated in January, but the pair managed to retrace back above it. The pair then held above the level until the last two trading days of February when it broke lower and closed the month below the level. The September 2003 low at 1…
After it closed the year 2014 below 200 month SMA, the pair continued its journey to the South with increased momentum. Big support levels (1.20 level, then 2012, 2010 and 2005 lows) fell like dominoes. 61.8% retracement of the 2000 to 2008 uptrend was violated in January, but the pair managed to retrace back above it. The pair then held above the level until the last two trading days of February when it broke lower and closed the month below the level. The September 2003 low at 1…