Expect to see a nice upward price reversal towards 1.5500 in coming days. Current price has entered into the Target zone after pulling up strongly from the recent low ~1.4800, thus sending a strong signal for a nice bullish move in coming days.
A stoploss below 1.4740 will set up for A decent risk/reward ratio trade. Enjoy.
Price came down near my stoploss level to get longs out before making 500-600 pip move. Still not seeing price breakdown yet. This down move could just be a shake-out. Next 4 bars will be crucial and I expect to see strength if there going to be up move in this leg.