This pair performed a strong bearish run at the beginning of the week.
Now it is resting on 0.89 level, if the price breaks the flag pattern and the 0.89 together, that will be a good sign for us to get short targeting next support which is 0.8935 level.
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Good luck
NOTES:
- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.
Best Regards.