Price rallied, holding at the B low that
was established yesterday. Price is currently at the 50 of this current swing. Here
we are also looking for the 618/786 to offer up resistance. Only a sustained
break of 1.0374 starts a reversal on this pair, while below we look to sell
against this.
Follow me on twitter @fxdailyforecast where intraday updates
are tweeted.
Will be going long if:
No immediate long trade setups since we have no criteria in
place. Stand aside.
Will be going short if:
No trade setups at present, we need price higher at the
618/786 where we will look for signs of reversal.
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