I think that the recent rally might still find some upside if a test of 1.0700 holds. As you can see on my chart, the 1.0700 level was a previous high. When we broke the 1.06776 highmarket flow turned north.
A hidden Optimal Trade Entry shows that the OTE fibs line up with the previous high and 1.0700 number. The 1.0700 level may provide a Long entry there. Concurrently, a short to that level would also produce some pips.
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Despite that time has exceeded 5 hours, this idea is still in play.