We believe that this pair is not totally ready to fall full steam ahead. We believe there will be a slight pull back to close the gap that was made over the bank holiday. Then we will see this pair come down quicker than a running train. Look out for an update on this currency pair, however our overall bias is still Bearish.
We believe this pair has already began the move which we analysed to be a bearish move. We have shown you our analysis and invite you to monitor the trade and our results.