Trading within a Corrective Channel formation. The medium term bias remains bearish. A break of 0.03720 is needed to confirm follow through negative momentum. The formation has a measured move target of 0.01644. Further downside is expected, however, due to the strong support below we prefer to sell a break of 0.03720, which will confirm the bearish sentiment. Expect trading to remain mixed and volatile.
Sell a break of 0.03720 Stop: 0.04080 Target 1: 0.01660 Target 2: 0.0100