Continued downward momentum from 1.4173 resulted in the pair posting net daily losses yesterday.
Selling posted in Asia.
The selloff has posted an exhaustion count on the intraday chart.
Bespoke support is located at 1.3870.
Due to an Ending Wedge formation, we continue to treat extended gains with caution.
The 261.8% Fibonacci extension is located at 1.3887 from 1.4170 to 1.4062.
Preferred trade is to buy on dips.
Selling posted in Asia.
The selloff has posted an exhaustion count on the intraday chart.
Bespoke support is located at 1.3870.
Due to an Ending Wedge formation, we continue to treat extended gains with caution.
The 261.8% Fibonacci extension is located at 1.3887 from 1.4170 to 1.4062.
Preferred trade is to buy on dips.
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