EOD January 13, 2017
Possible bounce points.
1)The support level in the monthly chart is at 1.18. This (1) in the chart is where two support levels meet:
a) EMA 4 monthly , and
b) at the 50% level of retracement.
2) At (2), there are many support levels :
(a) a parallel range support,
(b) 61.8% retracement from its 1.36 high to 1.01 low
(c) 61.8% retracement level from 1.74 high to .77 low
3) The third (3) is where
(a) 76.4% retracement meets
b) the trendline and
c) parallel range support
The stronger the confluences there are, the more likely the bounce.