After our last analysis with this pair, its time to put the simple corrections aside and focus on what appears to be a descending triangle pattern forming for further downside continuation. After following corrections every time, it appears that price is now losing momentum, however this could lead to a huge breakout for a bearish push down to the wick-end from...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=135.35.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=135.15.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...