From the point I see it the pair bounced from 0.618 and now if penetrates 18Ma we might see downward movement to 1.08, respectively 1.06 and 1.04 as final destination.
Trade active:
The breakthrough of 18MA is intact. Lets wait and see how the week will end.
Comment:
Still not in trade due to the fact that it bounced back on China/US trade news. Fundamentals show such deal won't happen and I am expecting to drop down again.
Comment:
This time looks like the price is trying to break again 18MA on the weekly chart. Stay tuned for entry.
