An intraday chart of this pair, but it is providing an interesting opportunity to retest the highs. Looking for a low to be set in around 1.8870 before charging back to the highs.
The suggestion based on this chart would lead one to believe that sellers will enter the market. Risk can be limited to a half a percent and the reward lends itself to enough for a respectable trade. All eyes are on the one third pull back level in this bear market rally. Assuming that the institutions are looking at the same level, then this could have a move...