Following up from previous call made on 18th July 2013. Thbev has indeed not held above the 0.58 support level and has traded down further to test support at 0.55 to 0.54 level. Currently it has broken immediate support at 0.54 and more downside can be possible to test Critical 0.500 if it does not creep back up above 0.55. CFD Sell trade can be considered to trade the downside with a target at 0.500 to 0.505. a break below 0.500 can see it go to 0.45 which was the resistance turned support level formed in Jan 2013. A head and shoulder pattern can bee seen with neckline support at 0.54 form in April 2013 and last week.
Buy Stop at 0.555 for CFD Sell trades
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