Have been waiting for this pair to break the recent range and support at 1.0815 which it has done today. I am firmly bearish here with all the higher timeframes giving short signals. Most recently we have had the daily fibonacci play and some nice price action to go with it.
The entry now would be from the retest of broken support and the shorts will first be targeting previous lows at 1.0520 before searching for new lows at 1.0250. This trade is also supported from a fundamental point of view as well as these technicals and is all added up to give some great confluences
The entry now would be from the retest of broken support and the shorts will first be targeting previous lows at 1.0520 before searching for new lows at 1.0250. This trade is also supported from a fundamental point of view as well as these technicals and is all added up to give some great confluences