The pair made a trial to break 1.04, but failed to hold there. With 2 big bullish candles fight back, a sign that bearish power has gone and the long downtrend from 1.0839 may have come to an end. We have to wait for a higher low to be formed around previous support area 1.0400, to complete an inverse Head & Shoulder pattern Enter at 1.04 if possible SL: 1.03 1st Target: 1.05 2nd Target: 1.0570
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Quite Nice Move today after the retest of previous support zone. Look for price action around 1.0445 to determine next move, stay tuned.
Wait for Bullish Engulfing or other reversal signal from price action instead of catching the falling knife.