23rd Jan - Sugar Dips to Long Term Supports
23 January 2014
MONTHLY CHART – CONTINUATION:
The downmove has reasserted itself and the rising support line around 14.50 is now the focus.
WEEKLY CHART – CONTINUATION:
The slip back is now testing the falling support line around 14.85 currently.
DAILY CHART – Mar-14:
The downmove continues, following earlier violation of the 16.70 Jul-13 low, which now offers first interesting resistance.
On the downside keep in mind a Fibo projection at 14.55. This coincides nicely with long term supports above, and we are on the lookout for a rebound phase soon.
Next story:
24th Jan - Will EUR/USD Bulls Give Up? 
Previous story:
20th January - Reasons for not buying Bonds