Looking at my daily chart price has not broken above 0.7440  since early  July 15 . Price could well be heading lower very soon?.

The Top green line is WR1 @ 0.7478

The Bottom green line is WM3 @ 0.7423

If you are hoping price is going to be bullish and break the 0.7440 resistance zone  then you need to be buying of strong support right now price is @ Wpp 0.7368

If you are looking to sell this pair the look for price to fail to break resistance at WR1 or WM3 zones

Have a great day trading

 

2015-08-13_06-53-19

 

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