This could bounce and keep going lower. If it breaks it might be a good time to go long.
I think we will see a bounce at the first support level and after the bounce I will be looking for price to hit resistance and drop down two the second support level. Lets see how this goes. Let me know what you think.
SHort at .7122 with a target of .7080 the diveregence looks good and my strike indicators are showing a good setup also. Let me know what you think of this idea.
I think there is a ton of resistance in this area so I am going to take a short.
WE are breaking up and I can see a nice target in the 1.0850 area.
Fundamentally I am neutral on this pair and that means that techincals should be respected.