The pair recently broke out with solid green bull candles, just to give the momentum back to the bears with opposite solid red bearish candles to wipe out almost a 200 pip breakout.
With the DXY close to strong support area as well. We will be taking the odds on to see further weakness in this pair.
Target range is 0.6400 area
Stop loss range - to be conservative above recent high
- more aggressive would be above the 0.618/0.764 of recent move
Good Luck
With the DXY close to strong support area as well. We will be taking the odds on to see further weakness in this pair.
Target range is 0.6400 area
Stop loss range - to be conservative above recent high
- more aggressive would be above the 0.618/0.764 of recent move
Good Luck