Downtrend for this currency pair continues as the price fell down sharply on increased volume. Unfortunately, it was spread throughout the chart, so we can’t point out any concrete volume level. Anyway, now we should consider only short positions. We can enter the market after a smooth upward correction on small volume. A stop loss should be place at the level 0.7720. A potential of the fall is 80 pips.
The bottom line: short positions are in priority.
The bottom line: short positions are in priority.