is showing a nice upward move on the 4H time frame. We've had three solid bounces off the trendline
and we expect for price action
to gravitate for one more touch around the 0.7300 level. We're approximately 150 pips away from resistance so it would be sensible to take that into consideration. A downward break of the trendline
on the other hand could provide us with an excellent opportunity to go short although that may not happen for a while.