It looks like the rate may be working on a descending triangle pattern and as long as we are trading below 114.00 we should reach the lows around 111.00.
A break above 114.00 would invalidate my immediate bearish outlook, however only a daily close back above the major resistance at 116.00 would turn me bullosh on the pair once again.
A break above 114.00 would invalidate my immediate bearish outlook, however only a daily close back above the major resistance at 116.00 would turn me bullosh on the pair once again.
