I’m surprised that this pair is trading at .8800 when it should be at .7500 in my very biased opinion
Nevertheless, as we know, the market is always right and all that blah blah blah.
My preferred resistance level at .8825 held overnight and I’ve taken a sizeable short position as I like the level. Partial stops should be kept above .8840 and complete strategy stops now above .8900; my target is .8610 minimum. That gives me an average stop/loss of around 56 pips against a potential gain of 210, which is good enough for me.
