We've had a 2000 pip drop in this pair since the beginning of the year on brexit concerns and a rebound in oil. I believe that oil still has lower to go in the medium term and the impulsive move on the dailies suggest that we should see a pullback to the previous neck line in the 1.99 area. Looking for a long entry in the next couple of weeks with a target price at the beginning of may around 1.9330.

Charts:




-AgentSmith
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