Technical Outlook and Chart Setup:
Finally the single currency pair has produced an Engulfing Bearish Candle yesterday, hunting a pullback down towards at least 1.51 level. Resistance is now at yesterday's highs and prices would want to retrace before rallying further up, if at all. It is recommended to go shorts with stops above yesterdays' highs now. Trend line support comes in at 1.50.
Trading Recommendations:
Sell now, stop above yesterdays' highs, target 1.51.
Good Luck!
