Relevant Key Levels: Resistance 0.6745 and 0.6445. Support 0.6200’s and 0.6000’s area.
Price Action: Price collapsed after a False break of an Inside bar setup (bearish fakey pattern), and a subsequent break down from an Inside Bar pattern, last week.
Current Notes: The bias bearish whilst prices remain below the 0.6745 resistance level.
Trade Idea: Whilst prices remain under 0.6745 resistance, we will consider selling short after a bounce in prices, and after a bearish price action sell to confirm an entry. Downside targets towards 0.6200′ and 0.6000.