Commentary: We wrote last week that “wave i of C looks complete.7507. As such, a corrective setback to the .7671/.7773 zone (38.2% -61.8% of .7937-.7507) would offer a high probability short opportunity. “ The rally ended today at .7791 and the pair has come off nearly 100 pips. The bearish bias remain intact.
Strategy: Bearish, against .7937, target below .7435
Al Bawaba
