Price in a strong zone on the Daily chart - 1.73262 to 1.71409
In recent history, price at the current level has bounced up on numerous occasions and hit resistance and bounced right back down for a handful of significant drops.
Could see it consolidate in this zone for a while as it did in November and December of 2017, before doing a big drop.
Either way I plan to Short around 1.73 region with a TAKE PROFIT of 1.68, long term trade.
STOP LOSS is 1.746 for me.
In recent history, price at the current level has bounced up on numerous occasions and hit resistance and bounced right back down for a handful of significant drops.
Could see it consolidate in this zone for a while as it did in November and December of 2017, before doing a big drop.
Either way I plan to Short around 1.73 region with a TAKE PROFIT of 1.68, long term trade.
STOP LOSS is 1.746 for me.