Risk Reward justifies a potential SHORT TERM pullback from current low to about 1.09-1.10. Looking for a better short position to ride through the eventual rate hike. From a technical pov, if morning star forms EOD, we might be seeing a retracement/consolidation after the fall from 1.12 a week ago.
With Greece's exit unlikely or at least on hold, attention is turned to the US rate hike which would more likely than not bring this pair down.
With Greece's exit unlikely or at least on hold, attention is turned to the US rate hike which would more likely than not bring this pair down.