Good day traders!
Hope you guys have been shooting some nice pips last week. This morning, I opened my laptop at 12.00 noon and suddenly I saw a new drop was recorded at 1.18965. To be frank, I’m quiet surprise as I thought 1.2000 would be a strong support for the pair. But it didn’t happened.
Now, the pair has ultimately break my second support line which was at 1.19861. It is now approaching my third strong support line at 1.18227.
Technically the pair is still bearish both on medium and long term. A return to the 1.2000 line is now unlikely to happen. I would prefer to sell rallies on.1.19669 but then again only a significant fundamental news would pick the pair to the upside.
So what’s next? It’s monday and I’m still on bearish. I would love to see the pair taking some bull moves now and then sell on rallies. But then again, hope is not valid in Forex. I think, I’ll just sit back and read some fundamental before taking any open position.
Scridb filter 
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