As seen on the graph, the pair is making EVENING STAR pattern, for those who are not familiar with the terminology, contact us for further assistance at technical@amarocapital.com.
As the pair is creating a evening star pattern with resistance of previous high as drawn on the chart. It is only logical that traders only doing SELLing position.
Please look out for 0.8200 area due to psychological area which is very strong, which coincidentally occur to be the day pivot point.
With the current condition of sideways to most of the pair, do not hold a position for long period of time. Always use money management as your guidance.
To have a live trading session with me or live data feed, please email us at technical@amarocapital.com
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Happy Trading
Analyst
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