The cross-price action and the underlying study RSI has been capped. We expect further weakness is anticipated to 1.3000 and 1.2950 and even lower to 1.2850. Weekly pivotal finds at 1.3050 with resistance have seemed at 1.3120 and 1.3175.
Trade: Sell at 1.3120 stop loss slight above 1.3175 targets 1.3000 and 1.2950. The selling pressure accelerates once it closes below 1.3050.
Trade: Sell at 1.3120 stop loss slight above 1.3175 targets 1.3000 and 1.2950. The selling pressure accelerates once it closes below 1.3050.
Trade closed: target reached