I am bearish on this pair until it breaks the daily downtrend line which was tested last week during NFP time however the price was rejected sharply to the down side not leaving the channel , giving a good confirmation to sell short but I have to wait till Monday for more confirmations.
The daily price action gave us a pin bar which if confirmed on Monday by another bearish bar closing below the low of previous bar then the test of 1.48535 would be clear to my eyes.
The daily price action gave us a pin bar which if confirmed on Monday by another bearish bar closing below the low of previous bar then the test of 1.48535 would be clear to my eyes.