The overall trend on this pair is faced to the downside. The pair was trading within a correction for few days and now we see that it has broken below its rising trendline. This can be a sign that bears are breaking out and this could trigger a downside momentum. I have taken short position in this market, my stop loss above the resistance level and I have two targets in mind, 93.509 and 92.235.
If you would like to take this trade with me, be advised to follow your own trading plans and rules.
Otherwise I will be happy if you support my idea with likes if you find it helpful.
If you would like to take this trade with me, be advised to follow your own trading plans and rules.
Otherwise I will be happy if you support my idea with likes if you find it helpful.
