A bearish pin might be formed at the peak of upswing by the end of today’s session. In case the day closes the way we see now, traders will get a tangible sell signal for tomorrow. Decline of the quotes is unlikely below the strong support zone 105.08-105.19 so far.
Optimal zone for short trades now appears resistance 105.66-105.72. It’s here we have a promising offer area formed by bearish pattern Over&Under. Thus we expect reaching this zone by bullish swing followed by a downward reversal in direction 105.33.
Growth to 105.66-105.72, then decline to 105.33.
Shorts from 105.66-105.72 to 105.33.