Busted the cluster....
The cluster of support against the 200 day MA, the 100 hour MA , trend line support, 38.2% retracement, tried to hold (kinda) but not for long. The price busted below and buyers turned quickly to sellers and the price has run an additional 55 pips lower. That move has taken the price below the 200 hour MA at 1.31725. The 200 hour MA held support on Wednesday. It now become resistance.
If there is a bunch of support in an area, it SHOULD attract buying interest. If it does not hold you have to be prepared to take a loss and get out before it runs away. Today, it ran away.
