Suggested positioning: No positions
Technical reasons why: The pair reached two of our bearish targets at 0.9640 and 0.9580 and currently moving within an upward channel where its lower band could act as a support. While the pair broke below the Ichimoku cloud, the combination of indicators our giving us mixed signals.
Alternative Scenario: Above turning point of 0.9730 look for more upside towards 0.9876 and 1.008.
Where to set your stops and limits:
|Support Levels||Turning Point||Resistance Levels|