This week we have seen a good pullback against the Dollar, but an attempt to continue was cut short by Wednesday PPI news. A trade towards the stuctural low 1.54450 on Thursday was just to confirm that level.
We have initated a short position in the pair at 15330. stop loss at 15370.
1st target at 15250 below here we expect the pair to slide towards the low of the move 15164 in the next week.
GLT.
We have initated a short position in the pair at 15330. stop loss at 15370.
1st target at 15250 below here we expect the pair to slide towards the low of the move 15164 in the next week.
GLT.