Double top and 30m pinbar conform to a nice resistance zone. The pair has already done 150 pips on the upside. We expect a mild retracement from here as the upside move has been completed and average daily range has exceeded 143%. We expect downside from here upto 1.4491
Comment:
The Double top level and pinbar top has been drastically broken...Now the price is near 1.46 which is a key psychological figure. Awaiting clear price action and FOMC expectations to find a contra-trend or reversal entry.