It seems the price has formed a downward triangle, while it is still very unclear that which direction the price can go based on following reasons:
1. There is not much room underneath for the short side market that I would expect some support
2. Brexit news is unpredictable that price does not really follow it, unless something really big happens
- If price falls below 1.27640, may short to the previous low at around 1.27238.
- If 1.27640 supportive level holds, might be a bounce back to 1.28800.
- Safe traders shall not take any position and wait.
1. There is not much room underneath for the short side market that I would expect some support
2. Brexit news is unpredictable that price does not really follow it, unless something really big happens
- If price falls below 1.27640, may short to the previous low at around 1.27238.
- If 1.27640 supportive level holds, might be a bounce back to 1.28800.
- Safe traders shall not take any position and wait.