Looking daily chart this pair is down trending.


When we move down to 4h chart, we have 3 possible options to look for short signal and join down trend. First at 61.8% Fibonacci retrace. Second at MPP and WP cluster. Third at level and trend line intersection at 88.6%. Looking Stochastics, it is not in overbought territory yet, so it looks like we will retest MPP and WP.

Counter trend traders, should wait for possible trend line break and retest.


Major red EU and UK news for this week are finished, we only have NFP news from US tomorrow.

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