If we look at this area in W chart, we see a huge bearish engulfing
candle with a big tail on it.. The guys on this, higher and lower TF are selling off. On W TF the guys are seeing it as a pullback and support for their bearish
move. I am staying with the crowd and selling off unless proven otherwise. In that case it even could hit lower than 1.392, that would be our next target over the next 2-3 weeks. I will wait for signal on Monday. I suspect we hit the lows around the Brexit referendum time.