Clear and simple reading of price action here. Double top forming at $54 before making a lower high showing buyers are running out of momentum. After 2 tests of $46.30 we have now broken below and the Daily looks very likely to close below. Providing we don't get a freak spike we will be going short here.
This also runs inline with the Dollar strength we are having and looks like continuing which will help drive this pair lower.
Targeting the $43 lows and potential to run lower
This also runs inline with the Dollar strength we are having and looks like continuing which will help drive this pair lower.
Targeting the $43 lows and potential to run lower