FROM HERE: sell around 0.7760 to target 0.7716 then 0.7683
BUT:above 0.7760 may see 0.7812 where stops awaits but 0.7850 would be hard to break upside.
COMMENT: bears in total control, momentum should continue today.
FROM HERE: trade the range 118.75 to 119.56 with generous stops.
BUT: may consider break out strategy if the range is broken but with tight stops.
COMMENT: he pair is trading side ways but start to look for reversal upwards for the longer term.
FROM HERE: doji formation so play the range 1.0820 – 1.0950
BUT: can consider reversing position if range is broken as always with stops.
COMMENT: remain bearish unless 1.1040 breaks on top side.
FROM HERE: buy on dips around 1.4833 to target 1.4932 then 1.5000
BUT: major support is around 1.4730 so can consider reversing position if that breaks (ie go short)
COMMENT: 1.5000 should be tested again this week but not sure which day. Caveat as long as 1.4730 holds.