and the 61.8 FIB of recent swing.
We might see a bounce here towards 1.0950-85
which would give opportunity to sell the pair if we
see a reversal candle or sell signal, to trade with the
weekly and monthly trend, which is . This would
also be a classic channel breakout trade.
If price instead plunges through the cloud and close below
it, it will give a Sell Signal, and price is likely to test
the multi year lows. The projected cloud is about to twist.
Scalpers my look at Intraday charts to seek a long trade
following a Cloud bounce.