Maybe it will go higher. Who knows...
But I think it's US Dollar's time now.
There is some potential for this pair to drop, especially to the 2016 May high. That would be ideal.
For now, my target is 1.17, but if that won't hold, then 1.16 here we come.
I would say it's a good time to enter SHORT. But, there's a big "IF". IF we stay below 1.19103 . If we close above that on a Weekly, then scrap the whole idea.
But at the moment, it is looking promising for the SHORT side.
As always, keep an eye on the price action!
But I think it's US Dollar's time now.
There is some potential for this pair to drop, especially to the 2016 May high. That would be ideal.
For now, my target is 1.17, but if that won't hold, then 1.16 here we come.
I would say it's a good time to enter SHORT. But, there's a big "IF". IF we stay below 1.19103 . If we close above that on a Weekly, then scrap the whole idea.
But at the moment, it is looking promising for the SHORT side.
As always, keep an eye on the price action!