Last week we had a long in this pair which was eventually stopped out at 1.0660.
Before we reversed our bias to short the pair on Friday. we have seen price remain below this zone 1.0660 which is always a good sign. We expect the downside to continue in the pair, 1.0617 first and 1.0592 to be broken before we see 1.0500 later in the week.
A trade above 10672 will invalidate this setup.
GLT
Follow us on twitter @charts_247 for more info
Before we reversed our bias to short the pair on Friday. we have seen price remain below this zone 1.0660 which is always a good sign. We expect the downside to continue in the pair, 1.0617 first and 1.0592 to be broken before we see 1.0500 later in the week.
A trade above 10672 will invalidate this setup.
GLT
Follow us on twitter @charts_247 for more info
