Just 2 days ago we sent out this analysis expecting a drop down to 1,1850.
Everyone who managed to get in can now collect profits or at least move their stop loss above the most recent high.
If you currently don't have any active trades, I would say it's better to wait.
Today and tomorrow will give us a clear picture of where the pair will be going in the future (check out the economic calendar).
Then we should have more confirmed expectations.
However, what does the technical side of things looks like?
We are currently in a downtrend on the hourly chart.
Price reached previous bottom and there is a higher chance that it will break below.
That means we could see an additional downside push and values lower than 1,1800.
We suggest to make entries only after a pullback or a breakout!
Follow us for more specific opportunities!