The pair pushed strongly to the downside breaking below the latest support at 0.7620 and heading to test the first targeted area we mentioned yesterday around 0.7550. Stochastic has dipped within oversold area, however the bearish bias continues to be dominant. Thus we expect the downside pressure to remain dominant over intraday basis. Steady trading below the recent swing low at 0.7620 is required for the bearish momentum to remain evident.
Recommendation : Based on the charts and explanations above our opinion is, selling the pair below 0.7620 targeting 0.7550 and 0.7500. Stop loss above 0.7680.