As I previously posted two months ago, this pair it's in a well defined channel. I hope you rode the wave down from 1.16. You didn't ???? Well no worries amigos you might have another chance over the next two months. Big players in the foreign exchange make the big bucks because they know the market it's predictable and just repetition. if we look at price action in the last six months we can see that it is like a photocopy machine spitting out more of the same, so I'm inclined to believe that we could have another run up to 1.19. Well time will prove me wrong or maybe I'll pocket another 800 pips.
May the Market be with you.