We are still bearish on this pair.


On Friday there was false break of 1.5200 support. I suggested that option to retest 1.5330 resistance is more favorable. Other short option is at next resistance 1.5500, 50% Fibonacci retrace, MPP and trend line intersection. Stochastics is still in oversold territory, so we could still expect a bit of up move or correction on latest 680 down move.
Tomorrow there is no major red UK or US news.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.