THE BEARS ARE BACK IN TOWN!

This pair has broken ascending trend line, forming new lows at the same time, signalling the end of the bull trend. The bears are are beginning to take control.As a new low has formed , its highly likely that we are going to see at pullback before we carry on down. I look to enter at the retest of trend line or an exhaustion of this pullback giving me a target of the Monthly support at 1.8000 . This is a long term trade providing us with an opportunity of over 500 pips.

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