We can identify a clear and clean levels on this pair. The reasoning is the next:
The 1.10736 should act like a resistance so I 'll put a short orders with a adjust stop loss (41.5 pips).
- Accumulation under a resistance. The pair can't break (first red arrow).
Breaking the resistance (first green arrow). This level turns on support (second green arrow).
Double top marked by the 0.618 Fibo in the daily chart.
Breaking the support (second red arrow).
The 1.10736 should act like a resistance so I 'll put a short orders with a adjust stop loss (41.5 pips).