Over all Look is still Bearish we will keep out trades on the short side as long as price is trading under the last defence for the bears at 1116 with a clear break for that level we will go in long for target 1 zone other than that we will short till the target zone one on the down side
GBP Formed a nice Supply right at target 1 zone from last week we expect this supply to hold and push price down we will keep on looking for long , but if price breaks the last defense line at 1.5275 we will reverse our trades to reach the Target 1 zone
price reached target one zone last week and closed right under it with few pips below
this week Target zone is almost close for the euro0.52% to spike up and reach it
this could be a reversal sign for the euro0.52% to correct the last up more the back longs again at the buy/sell levels and mid range
with clear break of the last defence line for the bulls at 1.1210 we will reverse our trades to reach the target 1 zone in the down side