On the weekly price has been ranging between the. 1.14045 and 1.05319 since January 2015. Price has once again been rejected by our resistances area moving to the downside. We already have a short position open on this pair. Our anticipated target is the 1.11244 area, if price breaks our channel support our next anticipated target will be the 1.08107 area. If price doesn't manage break our channel support we will be looking for buy opportunities.