Potential entry at 61.8 retracement level / Daily downtrend line to go short. Id watch for a bearish engulfing candle to this level for extra confirmation or a break of the counter trend line to short this pair as price has built up some good bullish momentum these past couple of days.. A break above prices downtrend line will invalidate the downtrend. Patience is key!
Comment:
if we were to get another leg to the downside my final target would be 1.14600 area (Retest of Weekly Key level)..