The one way street is still in effect as old teflon continues to fail to live up to its name. Old nag is probably more an apt name right now.
The Jan and Feb 2006 lows are the closest target at 1.1825 and 1.1800 and failing that we’ve got a large gap down to the Nov/Dec 2005 double bottom at 1.1639.
EUR/USD Monthly chart 07 01 2015
1.1900 has been resistance and 1.1840 most likely will become some as well.
Update: For good orders sake, I should add that I was fortunate enough to be at my desk last night when it spilled to 1.1840 and managed to bail my long from 1.1910 just as it broke 1.1880.
