Seems like nothing is stopping this pair in hitting parity at the moment. Price managed to once again break and form lower lows and lower highs. As the trend continue to be bearish, we as technical traders simply have to find entries opportunity to ride the trend.
Should price retrace back to the 1.0565 or 1.0645 region, it would be a good shorting opportunity. As long as price doesn't break above the 1.0680 level, the trend remains bearish. Immediate term profit target can be around the 1.0400 region.
I would love to hear your opinion, feel free to comment, agree or disagree.
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KY
Should price retrace back to the 1.0565 or 1.0645 region, it would be a good shorting opportunity. As long as price doesn't break above the 1.0680 level, the trend remains bearish. Immediate term profit target can be around the 1.0400 region.
I would love to hear your opinion, feel free to comment, agree or disagree.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!
Have a great pipping day!
www.fxpipsology.com/
www.facebook.com/fxpipsology
Cheers,
KY
