Slump
The pair continues to decline after reaching the level of 1.15. Technical indicators have turned in the direction of sales and on the chart we are seeing a movement that is not stopping so far and the pair is at the support level of 1.1345.
It is quite possible scenario that the pair will go into a correction after reaching the level of 1.13. However, at the moment we believe that the downward movement will continue and therefore we advise to take short positions in the pair and set take profit near the levels of 1.13, 1.1260 and 1.1210
It is quite possible scenario that the pair will go into a correction after reaching the level of 1.13. However, at the moment we believe that the downward movement will continue and therefore we advise to take short positions in the pair and set take profit near the levels of 1.13, 1.1260 and 1.1210
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