This pair has moved down beautifully this week and has broken key support at 1.5330. Im now firmly in bearish mode here and have been talking about downside movement for a while but we have been a bit sideways as of late.
The ideal setup would now be a pullback in to what is now resistance and then good price action to confirm entry. This could happen over the next few days after todays indecision.
Target 1 = 1.5000
Target 2 = 1.4700
The ideal setup would now be a pullback in to what is now resistance and then good price action to confirm entry. This could happen over the next few days after todays indecision.
Target 1 = 1.5000
Target 2 = 1.4700