Trading within a Bearish Channel formation. We have a 38.2% Fibonacci pullback level of 1.1136 from 1.1066 to 1.1249. The bias remains mildly bearish but there is scope for a move in either direction at the open. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile.
We look to Sell at 1.1135 Stop: 1.1165 Target 1: 1.1030 Target 2: 1.0970