On Friday, I said that to go long after the initial sell off if price breaks above BZ. No entry for that as price just continued down to weekly PZ where it gave a nice 60pips recovery from the bottom and it settled near the mid point. Price action does look bearish with the breakdown. Now price is nested within the BZ.
IMP price action looks bearish, and thus should have further downside. Watch break of 1.0894 to target a move to 1.0840 and 1.0800
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