On the weekly time frame we have seen a nice pin bar/shooting star form. It has rejected off of the .500 Fib and if you zoom into the daily chart it has rejected from the 200EMA.
From here we may see a small pull back into the pin bar but overall my bias is short on this pair.
Just be aware of the fundamentals this week, we have a few big releases coming out of the US.
From here we may see a small pull back into the pin bar but overall my bias is short on this pair.
Just be aware of the fundamentals this week, we have a few big releases coming out of the US.
