Daily Outlook: All and all the bears were able to win the day, dropping the pair about 90 pips from high to low and about 20 pips on open to close. We're currently approaching interday rising trend support and a 61.8 fibonacci retracement as we speak, an area that I will look for a potential buying zone. A sustained break below would probably lead to a challenge of longer term rising trend support and is another area I will look for longs.
Trading Idea: More conservative trade is long from rising trend support at 1.3650. Preferred targets from 1.3655 are 1.3690, 1.3720 and 1.3750. More aggressive trade is long from 1.3700 rising trend support with targets at 1.3725, 1.3750, 1.3775 and 1.3800.
Happy pipping ;)