Description
⋅ 2016Sep25 I am shorting to 1.1197 with a stop at 1.1250.
I believe the pair will continue to come down after last week's climb.
My stop is 10 pips above the most recent swing high 0and my target reaches the 38.20% fib retracment level.
The pair has already retraced to the 38.20% fib level. Marked with the blue arrow head.
The RSI is high.