DAY TRADE - EXPIRES AT 9PM
A bearish Head and Shoulders has formed.
We have a 78.6% Fibonacci pullback level of 1.7140 from 1.7307 to 1.6526.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.7140, resulting in improved...
DAY TRADE - EXPIRES AT 9PM UK
Trading within a Corrective Channel formation.
Bespoke resistance is located at 12400.
There is scope for mild buying at the open but gains should be limited.
Continued upward momentum from 12195 resulted in the pair posting net daily gains yesterday.
Preferred trade is to sell into rallies.
Expect trading to remain mixed...