120 bounce since the post-NFP low but your pockets are still stuffed with pips if you got short this pair. The selling didn’t really kick in until Wednesday in Europe and it’s been a +500-pip drop since.
On the weekly chart, the lows at 116.88 are a juicy target.
I talked about selling this pair on May 17 but I was a few pips too greedy on my entry point. Selling the bounces is still the trade.