GodenBanc think that the pair will extend the downside move today and in the upcoming period as long as the pair stabilized below the referred to level 1.6010 represented in 78.6% correction. The radical way is that make a put option at integer checkpoint and chose expire time close to 1 hour
GodenBanc found in the daily chart as shown above, the Ichinoku cloud is providing support at 480$ price level. Short term trend remains up. Short term resistance is found at 500-510$ and it is being challenged for a second time after the announcement of the progress of sales in the 1st weekend it was sold.