Channel bottom completion and horizontal support at 1.1610 ---- Bounce to 1.1750 area likely as SNB won't tolerate one way price action and EU yields wake up to reality
Long 1.1615, SL 1.1565, TP 1.1750, R/R 2.5x
Watch the weekly close for a break of 8450 (previous floor now resistance, and clearing a sharp wedge) may squeeze the pair fast to 8525
BOE hikes may be the bad kind of hykes, right into another UK covid wave and a stagflating economy
SELL 1.1695 SL 1.1750, TP 1.1315 R/R 6to1
HIGH potential continuation short to 61.8 fib around 1.13
Rate differentials, Growth differentials to weigh on EUR.
Ultimately great LT long setup from 61.8 fib, so short to 1.13, reverse LONG down there