Late last week rejection from the 50-days SMA, and minor descending Resistance for the latest bearish wave suggests a potential resumption to the downside.
I am looking to short the pair of any upside with the start of the week, target the latest support area around 1.0818 as a first target. Followed by 1.0520 as a longer term target. I will exit only on a break above 1.1130.
This is a guideline for the trade, I will be publishing the precise trade if price retraces slightly higher.
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
I am looking to short the pair of any upside with the start of the week, target the latest support area around 1.0818 as a first target. Followed by 1.0520 as a longer term target. I will exit only on a break above 1.1130.
This is a guideline for the trade, I will be publishing the precise trade if price retraces slightly higher.
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
