A possible head and shoulder formation is seen in 15 minutes chart, with both the 20/8 MA heading down. I think it is likely that the break down will occur. So here is my trade plan:
Short on break of neckline at 1.9556
Target price: 1.9502, close to measured target but just before the double zero which I expect support.
Stop: 1.9588.
We shall see how it goes from here.
