X marks the Spot.
For a Bearish Price Action,
Daily Descending Trendline respected. 4hr Ascending Channel broken. Good to SELL on Rallies below 1.13000. 1st Target at 1.1130. Long-term Target 1.09000
For a Bullish Price Action,
If bulls reclaim 1.1300, we may begin a retest of 1.14700. This is unlikely as fundamentals continue to drive the fibre lower.
I remain Bearish on this pair.
For a Bearish Price Action,
Daily Descending Trendline respected. 4hr Ascending Channel broken. Good to SELL on Rallies below 1.13000. 1st Target at 1.1130. Long-term Target 1.09000
For a Bullish Price Action,
If bulls reclaim 1.1300, we may begin a retest of 1.14700. This is unlikely as fundamentals continue to drive the fibre lower.
I remain Bearish on this pair.