Guys and girls, looks like the bear momentum is exhausted. I’m not sure either this pair will resume the current downtrend or make a retracement. We already made a 1200 pips rally since the price drop from 1.40. 400-500 pips retracement is possible. As for me, i closed all my swing short position. Enough pips. I will keep observe this pair movement. However im still bearish on this pair and targeting 1.20 for long term. What im trying to say is dont get trap in the euphoria of selling, retracement is possible. Hopefully i’m wrong.
Happy trading and trade safe guys/girls!
P/s: Same goes to EU. Just beware!