Support broken. USD weakness looks to continue with CAD strength still maintaining. Prices should start making it's move down to 1.213 for the next couple of weeks to months. In addition, you can see the 20EMA squeezing prices through the support level and carrying prices down.
Kommentera:
Stopped out due to high volatility from DOHA meeting, however short still looks good as technicals come back to take over price action. We see a 20EMA squeeze and actually a breakout pull back from 1.29572.
