As we seen last week, the pair as been ranging between 142.500 & 141.870. We have seen a break lower as discussed on our previous analysis last Thursday, price reached a lows of 141.00 where we caught a retracement before market closed.
We are expecting the pair to bounce off trendline resistance which is around 142.715 and work its way down to 140.00 where our current risk to reward ratio is 1:4
We are expecting the pair to bounce off trendline resistance which is around 142.715 and work its way down to 140.00 where our current risk to reward ratio is 1:4