I've been tracking this fun pair for some time, long-term we're in a bearish channel
coming off the 2010 crash, and we're rotating nicely down through the channel, we hit the top of the channel October 2017 and we're now on the bearish
leg, having failed a bull push back up through the descending trend line
which has now been respected by formation of a lovely pin bar
, which is our signal to look for an entry, if you don't know how to enter, read my link below on how and when to enter.
There are many areas of support which will respond, the channel center line is a major one @1.065, so be aware of that. I'm not expecting a gap down on open, but if we do, wait for a pullback to 1.07 to enter, otherwise look for an entry around 50% up the pin towards 1.075 area.
Patience pays, happy hunting!