Jan 3 2017: EURUSD Long - Bounce off support

EURUSD

Jan 3 2017: Push towards major support level. Price has not been here for decades, except for last few weeks. Expect some consolidation and then a push back towards 1.0440.

Three things that could happen:
1) Price pushes close to 1.0370, creating excellent risk/reward. Wait for indecision candle, or set buystop a few pips above.
2) Price breaches support and goes into uncharted territory, likley to continue to fall.