1.05000 is a key level after price failed to break it yesterday. A clear break of this level will open the way to 1.3500 with relative ease.
Bearish bias is formed due to the fact Higher Lows and Lower Lows are being formed
D extension @ 1.03740 is a good area to take profits on short positions
Break of 1.06046 could encourage a few bulls but for me, it will be halted rather quickly by the waiting bears
Bearish bias is formed due to the fact Higher Lows and Lower Lows are being formed
D extension @ 1.03740 is a good area to take profits on short positions
Break of 1.06046 could encourage a few bulls but for me, it will be halted rather quickly by the waiting bears
Trade active:
trade was taken @ 1.06046. Holding short positions
Comment:
Progressing nicely. Looks to have firmly broken out of resistance this morning. First targers at 1.05000
Comment:
First target met @ 1.05000...still favouring more moves to the down side