Price broke out of the inside day range impulsively on the daily however it was contained by the weekly resistance at the 0.6850 level. Price also broke and closed below inner counter trend line and may signal momentum to the downside considering the strong bearish close on the last trading day of the previous week.A break and close below the 0.6850 level may signal further downside momentum and looking to enter on a possible retest of the level before a move to the 0.6750 support
Trade closed: target reached