Price is still heavy, though in the immediate term, downside is capped due to technicals. There is a potential double top off the 0.7825 price level. It would be free fall if price could actually escape the Channel parameter. Staying short; Target 1 price moved down to 0.7780.
Trade closed: stop reached:
What in the world, correction seems to still in place but that surge was highly unexpected. stop has been hit on my short and only waiting for potential buys now in the .7750-.7650 area.
Trade active:
Reentered short @ .7884 we should re-enter bearish momentum and break the previous "Bear Pressure" line this time.