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Trend Analysis

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After days of building up the a short trend finally appeared breaking through the support line. This will continue. Looking At Selling limit; Entry: 1.99370 Target: 1.9787 (150 pips) Stop: 1.9987 (-50 pips) The stop should be 2% at most.

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The Pair has been working the current high looking to go low but has respected a demand zone at 1.28867. I suspect that the Pair will push through the demand zone to reach a stronger support line at 1.28360. Looking to Sell: Entry: 1.29471 Target: 1.28360 (60 pips) Stop: 1.29771 (30 pips)

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Two points where the upside will resurface. A new resistance line might be instated or a continuation to new highs.

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Pull back forms before it continues down to 1.88130. SL above the Pivot at 1.89980

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All explained in the chart. Most likely a downside. The SL should be above the Pivot point. The degree of likeness depends on supporting news and sellers causing a break through the demand zone. Alternatively: An upside prevails above the pivot point. Or the pair shows no significant volatility.

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An upside to go beyond the pivot point was rejected, which has seen sellers push it below the CPR. The narrow CPR is a signal to watch for a trend and if this is respected a trend is possible especially if the demand point at 140.280 is broken. If you choose to sell put the SL 141.00. Alternative, if the pair experiences a support and goes beyond the pivot point...

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When it breaks through it will touch the trend line.