With the signal to go short two days ago, we currently see a retracement down to the 1.300 price mark. There will be massive support around the 1.29-1.30 price ranges which could cause a short term push back to the upside. However, with the bearish divergence currently been formed on the MACD, current strength of the USD and the political situation around Brexit, we could revisit the 1.24 area.
So be cautious with temporary spikes and remember, Patience in trading is KEY! GL
So be cautious with temporary spikes and remember, Patience in trading is KEY! GL
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