Do not fight the trend. As we can see we are in a strong down trend despite the sideways motion today. Until we get a significant bull signal we are going to be looking for short opportunities. I believe if we hit 1.0815 then we can start taking our short positions. I think it would also be wise to wait until tomorrow to actually take any trades. I will release a more fundamental outlook for this week later today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.