Reason : 3rd wave towards short is pending which will initiate soon upon hitting 61.8 FIB level. Original down journey began from 1.41 in three waves of which final move is shaping now. Also, pair is in overbought region.
Timeframe : short likely to commence from July 2016 which will continue till end of this year. Untill then long side will be in incharge .
Timeframe : short likely to commence from July 2016 which will continue till end of this year. Untill then long side will be in incharge .