Potential setup here, resistance holding strong & we see price in a triangle. Looking for a break to the downside to look & enter short. Pullback to 50 fibonacci level complete, I believe this pair will see more downside. USD news tomorrow as well, & DXY at a daily support level. If we can get a break of dollar index support I believe we will see more downward potential for this pair. 2nd Take profit 1.1900 area
Commentaire:
Numbers missed for USD but bad price action. So I will be staying away from usd news as it has done this to me 3 times already this week.