Short term bearish move. Looking for a candle closure below the marked neckline @109.651. With a closed candle below this line will complete my analysis for a short. Target price: @109.455
Been monitoring this trade since last week Monday. Saw the support zone for last week overall trend reversal and now letting the pair produce a bullish channel. It the current candle which opened this evening closes above my line @110.189, this will show that it has broken previous daily tf resistance. Target Price @111.459
My theory for the pair is that the current trend is to retrace from 1.0553 area T.P: 1.072 region with further extension to 1.084 region