In the daily timeframe, you'll see a beautiful bullish flag which hasn't found completion, yet! In the meantime, I'm going short. I chose to put the chart on a 4hr timeframe since it is the immediate move that matters. I'll give you an update later on.
This week, I'll be looking forward to going short on this pair. I'll give an update once it gets to my target. There is a possibility that the pair will rally to 1.29984. How the price gets to that point is very crucial in determining the direction which the market will take after the completion of the pattern.
