20 EMA dropping below 50 EMA signalling a bearish trade.
The pair has been on a continued downfall recently with signs showing this is likely to continue.
With the pairs recent plunge not dropping any lower than 110.285 will be setting TP at this level.
Strong upward tendency.
Expecting to rise to around 1.12630 where potential to bounce back. 1st TP set at this level for this reason.
If break through of this support level could rise up to 1.13235. Will be setting 2nd TP at this level.
Displaying a good downward tendency.
Potential to bounce back at support level around 1.33945. Will be looking to set up TP at this level for that reason.
