The current weekly consolidation looks more and more to be over. Price broke the upper range of the channel, went back inside, to finally test back the top of the channel at 0.7200 before retracing.
Plus, this bearish view is in line with fundamentals (US data going back up, risk-off mood related to Brexit).
Stop loss : 0.7315
Target : 0.6015.
Plus, this bearish view is in line with fundamentals (US data going back up, risk-off mood related to Brexit).
Stop loss : 0.7315
Target : 0.6015.