As you can see from the weekly chart above, the pair extended its bearish rally from the upper channel from August 2018 and bounce on the bullish trend line. its highly recommended at this point to closely monitor the price action for any rallies above 1.0650 for a follow through bullish entry. stop loss should be placed at 1.0550 and target around 1.10** area as you can see from the chart above. Any weekly candle close below 1.0600 will invalidate the bullish rally. A conservative approach is highly needed to trade this setup. Trade safe & remember to apply a sound risk & portfolio management...thats the only key to be successful in this trading career.
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