With the longer term double top and recent support failure, this pair should keep grinding lower. However, with NFP looming, it's more likely to grind sideways until the release.
That said; you can catch a few pips here and there by riding the consolidation channel sideways. Selling at the top is my preferred method for this pair right now, but you can also try to buy at the bottom. Selling at the top provides a close protective stop. The bottom 'can' provide a close stop, but the bottom (support) is more likely to fail before the top (resistance).
Trade safe and get out before NFP.
That said; you can catch a few pips here and there by riding the consolidation channel sideways. Selling at the top is my preferred method for this pair right now, but you can also try to buy at the bottom. Selling at the top provides a close protective stop. The bottom 'can' provide a close stop, but the bottom (support) is more likely to fail before the top (resistance).
Trade safe and get out before NFP.
