Looking to short this pair as we approach the double top. After waiting on todays close, the daily candle was left with a nice pin bar indicating that a reversal of the trend may occur and a sell off is imminent.
The rsi is currently overbought also adding to the downside bias. I expect some choppy movement around this area as its been heavily used as both support and resistance many a time in the past.
Targets will be just short of 1.3000.
The rsi is currently overbought also adding to the downside bias. I expect some choppy movement around this area as its been heavily used as both support and resistance many a time in the past.
Targets will be just short of 1.3000.