The pair has declined sharply, and we have a hammer bottom. the stochastic is negative and has more room to move lower. We are well protected @ 18.5600 resistance and likely we will attract 18.0500 short-term.
I prefer NEUTRAL stance, since selling here may not be beneficial on possible pullback.
If once likes to venture, strategy is SELL above 18.4500 and place SL above 18.5600 and profit order @ 18.0700.
I prefer NEUTRAL stance, since selling here may not be beneficial on possible pullback.
If once likes to venture, strategy is SELL above 18.4500 and place SL above 18.5600 and profit order @ 18.0700.