There is a Double top formation on this cross and price has pull back to the 61.8% Fibonacci level.
Chart below:
Price tried yesterday to make a move higher but failed and has been in a tight range for the past 24 hrs.
Chart below:
There is a clear support level at 0.8457
There has been a clean break of this level and I am short with 0.5% risk at 0.8455.
Levels and chart below:
Entry: 0.8455
Stop Loss: 0.8480
Target: 0.8330 (2.5%)
Its a slow burner this one...
I will update again when I move the stop loss to break even.
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