Searching for a bottom! Euro$

to the left is one of my reaction line 'web' charts as described in previous posts
If we take out the low at around 1.2750 then we could be going to the yellow CL......however the dotted white RL underneath price now could provide support as the white set of RL/WL's we responsible for carrying price up to recent levels.


These long term charts below show reaction lines that could provide support either at current levels
(1.2790) or more likely around the 1.2740-50 level. Failing that we could see the next level with a decent RL at around 1.2600. It is interesting to note that overall price should eventually continue going up as 1. we have not reached the green CL and 2. this retracement is from the first attempt to go through the UMLP in either of the charts below. The current level is a 38.2% Fib RT. All the above means is that i will pay attention to price as it approaches the aqua/blue LMLP.