MrCput

MrCput

Please see the chart for corfirmation. We can see that the MACD already cross up.

MrCput

the pair closes at or near current levels, watch for a selling opportunity for a move back toward 1.6630 and perhaps 1.6350. The objective comes in just below 1.6140. Alternatively, a daily close above the 1.6870 area would negate the bearish outlook