However in light of recent price action bouncing from support/resistance levels both currencies could sell off. See the link for Ralph Shell COT reports, look for the article he posted recently on GU. We are getting to the upper wicks from June/July and sell level he talked about.
Bias up for today. Will be looking to take profits at key levels as we normally do (1.5770 GU) either in full or partial and moving stop to last 5 min swing for a possible 85/15 trade.
Selling on solid set ups back into move down. This could be for example engulfing close (taking out prior two candle closes) with negative divergence, intra day lower high.
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