The pair hit the long-term down-trend line that started to form since 2008 signalling a big sell-off is on the way.
The signal was confirmed by the divergence between the price action and the MACD indicator.
A strong support area is around 1.1600 price
The signal was confirmed by the divergence between the price action and the MACD indicator.
A strong support area is around 1.1600 price
Comment:
1st target has been reached @ 1.2050
Trade closed: target reached:
2nd target has been reached @ 1.1600 .
That's a total of 750 pips for that trade.
That's a total of 750 pips for that trade.