This pair is in a down trend
Chart below
As you can see from the chart, price has pulled back and bounced off of the trend line.
Price has broken back down through the averages and is looking to test the support level of 80.30.
I am looking to enter short on a pull back to the averages and fib levels.
Chart and levels below
Entry: 81.35
Stop: 81.55
Target: 81.35 (5%)
I will update once the trade has been triggered.
Regards
Scott
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