• The downtrend picks up
  
  
• Cross breaks Dec 2007 0.7089 low to test 0.70815 last
  
  
• Attempt at a correction intraday and the offer has been lowered to 0.7170
  
  
• Tuesday's high was 0.7179
  
  
• No sign of bounce
  
  
• Trend to run further
  
  
• Target the long-term fibo at 0.6654 - 76.4% of 0.5681 - 0.9805