The pair starts building up for a move south. This is supported by steady US interest rates, and a negative MACD and negative RSI.
We have a support @ 1.0945 now.
Strategy is SELL current 1.0950-1.0970, and add on break 1.0945. Profit order @ 1.0717 for now, which is close enough to the GANN support @ 1.0674. Stop-loss perhaps @ 1.1057 for now. This is a financial stop only.
We have a support @ 1.0945 now.
Strategy is SELL current 1.0950-1.0970, and add on break 1.0945. Profit order @ 1.0717 for now, which is close enough to the GANN support @ 1.0674. Stop-loss perhaps @ 1.1057 for now. This is a financial stop only.
Comment:
shift stop-loss to above the 1.1078 level now.