Break below neck of double top pattern.
As well as break below support at 114.047
Look for it to fall to 113.483 before any
bullish evidence. Price may then rise back to
test high at 114.556. it had broken my previous wedge pattern and went upwards
there seems to be a falling wedge with some opportunity to do some scalping on the bearish movement before it retraces then head further down. keep at high out to go long as well when it reaches previous support level. but for now go short and make some small profits.
Current short term up tick with higher highs and higher lows. Looking for a break of current support zone at 1.06278 to a high of about 1.06394. if this support holds then currency may fall back to 1.06000 before it tries it again. neutral for now until i see what the support does.
