Price seem to have formed a double top with rejections at a key area. Hence, I'm looking at shorting this pair in the coming week. As ECB conference nears, I'm predicting a strong bounce back from USD, a fall on Euro and weaker commodity currencies (AUD, NZD and CAD). Target for this pair is at 87.40
Comment:
Triple top formed and price rejected resistance area. Dropped a nice 100 pips
Comment:
More potential downside on this pair. Daily timeframe view:
Comment:
Price has been trading choppily on this pair but nonetheless target has been hit.
