Now that the price has not been able to hold the 1.1071 area, the market is confirming the inmmediate downtrend, the first taget could be placed around the 1.09800 where is located an important level of resistance, and also close to that area is the Lower Limit of the Trend Channel where one can expect to find some demand, in this order of ideas there are two possible scenarios:
1) Short term: Look for pullbacks in the downtrend and sell them short in order to enter in the underlying down direction
2) Look for the break of the most inmmediate down trend line a look for price action in order to enter long
1) Short term: Look for pullbacks in the downtrend and sell them short in order to enter in the underlying down direction
2) Look for the break of the most inmmediate down trend line a look for price action in order to enter long
Comentarios:
