The big push last week due to the negative news on Brexit talks has broken a key support level.
Retesting of the broken support is occurring now due to talks extension.
I am expecting continuation till 1.1620
First downward move was caused by weakness in USD and the better than expected employment report in Canada.
Second move was short corrective
Third move is expected to go down to 1.2705
I recommend going short as shown on chart.
Dominating trend in the market nowadays to sell USD. Dollar index is recording new lows.
USD buyers failed to build a strong support yesterday and price jumped quickly above SMA 14.
My recommendation to continue going up till 1.22
Wave that reversed without reaching to its target, makes me expect to continue upwards till next monthly pivot.
Retracement to current levels provides good buying opportunities.
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