The LONG idea is likely to be stopped out @ 1.0737 below. I feel we need to sit down and observe first.
the break of 1.0737 paves the way to 1.0600 and below. Perhaps we may venture SELL if we break and keep stops tight, until it is very oversold.
Interest rates are firm for the US and that supports downward pressure as well. I do not have positions current, as I am not very sure, but see ideas that may work or not. It is kind-of a little uncertain.
For those willing to test the support, SELL strategy is preferred. Keep stop-loss above 1.0817 for now and profit order @ 1.0627.
the break of 1.0737 paves the way to 1.0600 and below. Perhaps we may venture SELL if we break and keep stops tight, until it is very oversold.
Interest rates are firm for the US and that supports downward pressure as well. I do not have positions current, as I am not very sure, but see ideas that may work or not. It is kind-of a little uncertain.
For those willing to test the support, SELL strategy is preferred. Keep stop-loss above 1.0817 for now and profit order @ 1.0627.