September 22, 2014
The price is into a support zone but as you can see on the Weekly chart, we have a descending channel and the price is expected to decline to reach the 50% retracement level or even lower to touch the channel support. If this support will hold then the rate could grow to test the 38,2% level before resuming the downward movement.
By Olimpiu Tuns – Owner of http://ovtbusiness.com/en/
