We saw a clear break of the decending trendline that has been respected for nearly a year. We expect the market to find resistance around the weekly level of 1.14067 before a pull back to around our potential long entry of 1.12500.
We will be looking to entry short if we see a rejection of 1.14067 zone before going long at 1.12500.
We will be looking to entry short if we see a rejection of 1.14067 zone before going long at 1.12500.