Expectations for a break are to both the downside and upside.
Confluences for a break to the downside is a weekly downtrend, key level of 140, and the retracement zone fo the longer term structure. For this, it's important to keep in mind how much different this cross pair is than say GBP/USD for example. No suggested entries as of yet, as it's only Monday. This pair is highly susceptible to movement caused purely by reactionary trades around brexit revelations.
This trade and all others given in our telegram (free to join)
Confluences for a break to the downside is a weekly downtrend, key level of 140, and the retracement zone fo the longer term structure. For this, it's important to keep in mind how much different this cross pair is than say GBP/USD for example. No suggested entries as of yet, as it's only Monday. This pair is highly susceptible to movement caused purely by reactionary trades around brexit revelations.
This trade and all others given in our telegram (free to join)
