This pairing is going down like a cheap escort... and im not on about the car ;p
I am loving this support / resistance zone as an area for bears to take over and push price lower after a nice bullish push into this area on Friday before market close.
Price has been struggling to break 1.33200 level for the past 3-4 weeks with multiple touches and bounces and we can only see downside movement this coming week as we can only see USD weakness.
This pairing will not get much movement on Monday as it is a Bank holiday in USA and Canada, Wednesday onward should see price move drastically as quiet a lot of high impact news releases and of course NFP on Friday.
So just trade this pairing with caution and place a tight SL just above key resistance.
I am loving this support / resistance zone as an area for bears to take over and push price lower after a nice bullish push into this area on Friday before market close.
Price has been struggling to break 1.33200 level for the past 3-4 weeks with multiple touches and bounces and we can only see downside movement this coming week as we can only see USD weakness.
This pairing will not get much movement on Monday as it is a Bank holiday in USA and Canada, Wednesday onward should see price move drastically as quiet a lot of high impact news releases and of course NFP on Friday.
So just trade this pairing with caution and place a tight SL just above key resistance.