(Click on the attached Daily chart to enlarge it)
The Double-Top formed at 1.5144 with a nice Shooting Star at Dec 03rd, after a False breakout up of this major Diamond Top indicates that a significant top has been formed.
A Bullish correction after the strong Bearish move due to the last Black Friday is expected.
I´ll enter SHORT at any significant Fibo retracements from last bearish move (from 1.5079 to 1.4821), which are: 1.4882 (23%), 1.4920 (38%) and 1.4950( 50%). Any move above the resistance level 1.4973 and the 1.4981 (62%) would negate the current Bearish Momentum.
I´ll also enter SHORT at the break down of the following supports: 1.4821 and 1.4802.
My LIMITS are: 1.4625, 1.4481 and 1.4487.
