The red zone is a heavy spot that selling took place last Friday, when price touched it today we got practically no reaction. I'm looking for a buy opportunity if price retests that level because I believe those sells have now become buys. If we get the trade it should happen before 9am and 1.1770 must still be untouched.
I will look to ride up to 1.1780 because that is a good institutional dealing number.
Looks like while I'm writing this price is going to hit 1.1770
Oh well, long week ahead of us.