Short and Long Levels

Although price is still in a long-term range, medium-term price action is fluid enough to take advantage of trades of medium term duration.

Around 1.3100 there are several conservatively placed scalping levels for short positions as price momentum wanes and price approaches the early September range.

Below are several levels (1.2938 and 1.2900 region) to consider for longs if price turns bearish and approaches last week's reversal cup.