After the update of local maxima, our pair went down. At the current moment the situation on the chart is similar to the fact that the head and shoulders pattern is being formed. Now we are in the final stages of the second shoulder.
Therefore, we advise you to take short positions in the pair and we believe that the pair will move to the levels of 1.1370 and 1.1330
Therefore, we advise you to take short positions in the pair and we believe that the pair will move to the levels of 1.1370 and 1.1330