We look to Sell at 1.1677 We will cut loss at - 1.1697 Our profit targets will be 1.1617 and 1.1601 Risk to reward ratio - 3:1
We are trading at oversold extremes. Our outlook is bearish. 50-hour EMA is at 1.1675. There is no clear indication that the downward move is coming to an end. We look to sell rallies.