Price has reached our profit target perfectly from Friday. We remain bearish looking to sell on strength at 0.7150 for a further drop to 0.7070.
Stop loss is wider today because of the market fluctuations we expect post Non-Farm Payroll and is at our recent swing high at 0.7220.
RSI (21) is below our 50% level signalling a bearish move is still in progress.
Trading Recommendations :
Sell entry 0.7150.
Stop loss at 0.7220.
Take profit at 0.7070.
