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The large trend in this pair is still to the downside, we have now seen a connsiderable move to the upside after this months NFP which dragged the pair to the 0.7015 area.Price is currently testing 0.7268 area and we expect a limit to the upside here.
A short trade is initiated from here 0.7257, we expect price to trade lower. A break of 0.7198 will open door for 0.7159, below here we target 0.7067.
Stop is placed just above 0.7290.
A short trade is initiated from here 0.7257, we expect price to trade lower. A break of 0.7198 will open door for 0.7159, below here we target 0.7067.
Stop is placed just above 0.7290.