Looking bearish to the downside to cover the gap (Gapfill) inline with the daily + Weekly 61.8% retracement + POSSIBLE CORRECTION WAVE. First downside target being 1.07750, however a management target should be considered around 1.10300 (Red dashed support). Once this level is broken the bears will gain further momentum. Our second target being 1.0500. However, once our first target is met management must take place. Stops should be placed around 1.13500. If price breaks above this level we can see further bullish momentum.
This is only an outlook, trades will be conducted according to strategy and risk/money management.
***TRADE AT OWN RISK***
This is only an outlook, trades will be conducted according to strategy and risk/money management.
***TRADE AT OWN RISK***
