A litte bit bearish. It is on Wave C headng to circa 17.5 as target price (bottom of cloud). Also the price has just entered the Cloud of which the top (1.235) normally is the support. If no bounce off this price today, it will keep sliding until bottom 17.5. If 17.5 cannot be held, possible to see further down! So there could be a sideway in the Cloud territory if 1.235 breakin is confirmed! Stop Loss needs setting.