Trade Alert
The pair continues to trade below the downwards moving trendline, taken from the 27th of April. If we finally get a break, this could then open the path towards the 1.3190 or even the 1.3270 levels.
If the trendline continues to hold, we will still remain cautious. We will only consider further declines if we see a break below the 1.3050 zone. We could then start aiming for the1.2865, which was near the lowest point in March.
Never forget your stops.
The pair continues to trade below the downwards moving trendline, taken from the 27th of April. If we finally get a break, this could then open the path towards the 1.3190 or even the 1.3270 levels.
If the trendline continues to hold, we will still remain cautious. We will only consider further declines if we see a break below the 1.3050 zone. We could then start aiming for the1.2865, which was near the lowest point in March.
Never forget your stops.