Bearish Scenario
A sustained move under 1.1407 will indicate the presence of sellers. Taking out the intraday low at 1.1370 will indicate the selling pressure is getting stronger. This could trigger the start of an acceleration to the downside with 1.1308 to 1.1265 the next likely downside target area.
A sustained move under 1.1407 will indicate the presence of sellers. Taking out the intraday low at 1.1370 will indicate the selling pressure is getting stronger. This could trigger the start of an acceleration to the downside with 1.1308 to 1.1265 the next likely downside target area.
