A possible continuation move after price didn’t rise above 1.1200 on Monday?
Price is starting the day on the 21 ma and stoch's here want to fall so it could cycle for 10+ hours.
Look for the 233 ema to hold here on the 1 min for confirmation of the hourly 5 run & stoch cycle that can be just under way on the 1 HR. Price on the 1 min is below D-M3 and is looking to fall below the D-PP so it could target D-M1 -S2 , down to the 1.1125 zone to the next '00' Psych level. Lets see how it plays.
1 Min & 1 HR
Price did come down for an extended time period into the target zone for the day as pivots predicted. Now the 1 HR stoch looks to cycle up into the London session possibly. Look for another short opportunity somewhere btwn the 38.2-61.8 zone. The 50% will likely be the new D-PP. Let's see how it plays.