A 2618 Trade setup looks to be developing on the daily time frame. Price action broke through Trendline support of the correction channel. If price retraces to 1.26000 which is also a retest of the trendline and psychological resistance area, we are looking to short this pair. Stoplosses at the previous high - 1.27800 and Profit Target 1 - 1.24000 area Target 2 - 1.22000 area.