Posted Mixed Daily results for the last 8 days. Broken out of the triangle formation to the downside. Reverse trend line resistance comes in at 0.8791. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Expect trading to remain mixed and volatile. The rally is close to an exhaustion count on the intraday chart. Preferred trade is to sell into rallies. The formation has a measured move target of 0.8665.
Our profit targets will be 0.8665 and 0.8630
Resistance: 0.8780 / 0.8790 / 0.8825
Support: 0.8752 / 0.8730 / 0.8665