At the moment, the price is retesting the descending resistance for a pattern , so far its holding and no breakout. The price also faces 0.7080 horizontal resistance. I see a potential for another downside dip here.
That would make shorting below 0.7080 a valid trade, with first target at 0.7020 followed by 0.6950 and a stop above 0.7140.
The price could be heading for a breakout of the pattern. If that breakout materializes, i will be looking for long confirmation above 0.7130. targeting 0.7230.
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