Shorting Pair at 0.382 Retracement from previous high which falls on Monthly Support level 1.00. Looking a downside targets of 9.733 to break trend line and hit 1.272 Extension level. i can see this pair going even lower to Weekly Key Level 0.96.
1. Generally in a Downwards Trend 2. 786 Retracement from previous highs indicates trend continuation 3. Head and Shoulders on the Weekly Timeframe as well as daily, again showing potential downtrend 3. I believe there has been a false breakout on Monthly Resistance
Many Reasons i believe this pair will continue on the upwards trend. - Impulse leg forming a flag, if we breakout of the flag then bulls will take over and push price up. - Possible inverted head and shoulders pattern, if neckline is broken then we will see yet again another rally in price upwards. - Key Daily Support Levels are being tested, and i believe we...