This pair tends to struggle from the level 1.4478 and above as previously seen it tends to either spike down when this level is reached or form a downtrend. Our situation, it seems that a downward channel may be forming hence why I am placing a short. I feel we may fall to 1.13759 and if we get a breakthrough this level we can move SL in profit and ride the trend to TP2 and TP3! However, as it is the first week of the month you may choose to keep a tighter stop-loss in caution of any reversals if you wish.
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In profit!!!
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Took a slight spike but worked in our favor leaving us to skydive into profit
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Just crossed the breakeven point into SL in a retracement, Looking for a reversal at key level back down
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Fundamentals pushed us further into Red, Let's see how the next hour plays out.