Short target Fib. ext @ 1.0905, sl 1.0975
Strong down move within next 24 hours
The move to the 109.00 most probably to be completed soon
The pair seems to be very week in this area. Weekly chart posting sell signal, bearish flag is very likely.... ADX is very low. all the waves below zero and Squeeze sell signal. All this together can lead to very fast down move and trend next few weeks.
Long if the 81.60-81.80 holds.
POSSIBLE ZIG ZAG PATTERN WITHIN THE STRONG DOWN MOVE, TERMINATED AT 1.272 EXTENSION. SL ABOVE 1.28