It’s difficult to see anything other than the short given the huge rejection seen from 1.1480 last week but we must remain vigilant to the fact that we have seen a clear Higher High formed on the daily timeframe and we a yet to break the previous Macro swing low at 1.1300 therefore Long and Short positions must be considered this does provide us with options which is a good thing but entries and Stop Losses on any trade taken must be disciplined. Short entries are very clearly set out, a break below 1.1350 should be sufficient enough to see 1.1280 found next. Long entries however we must be a little more patient with 1.1400 will give us the highest probability however given the success of the last two weeks I will be happy to wait for a simple 20-80 trade with entry at 1.1420 and target being 1.1480