Currently we are seeing some wick support at 1.53700 with pivots. I sentiment a pivot in play here pending technical indicators play out.
MACD seems to be completing its sell off as it is rounding out of bin territory and setting for a snipe cross through SIGNAL followed by an immediate cross through the 0 line. This surely would pivot RSI out the oversold zone to start the trek back towards overbought.
Take profit at top resistance however be mindful the take profit might be a wick touch only to retrace back to the trends pivot zone (which I mapped out on this 1 hr chart). Stop loss of course would be a breach below this support hold with continuation.
Please comment with thoughts and ideas. Thank you.