As presented a week ago, this pair was at crossroads (see related chart) and eventually we broke lower. The area that interests me is around 1.0450 because I suspect that the current lows will not hold. After we make a new low, I'll start looking for bullish signs to see if we turn and go back to re-test the channel. In bigger picture I remain bearish for now and even after we should re-test the channel I expect lower values to come during 2015.
Watching.
Watching.
