Corection to 1.1874, then new Short. The pair is moving in a range between 1.1730 and 1.18700. Data last week intensified concerns that the US economy is stable enough for an early increase in interest rates. Possible test of resistance at the resistance level of 1.1874, and if it fails will probably see a movement to a level of 23.6 Fibonacci, which will give us a good level to enter the short positions. MA 50 is below the MA 100 and MA 200 – support for sellers.