The pair in the beginning of the last week was trading above the M_PP. As we expected, the pair then moved on the downside and reached the M_PP levels. First attempt to break the support here was unsuccessful but the n on Friday, affected also by the news, the pair managed to break and close below this structure. We got long at the test of the area, so now the market has moved down and we are on the other side of the move. We will see this week how the price action unfolds, and in case of continued bearish
mood, we will get out of the trade manually.