Engulfing pattern formed on the 1 Hr chart gives a strong sell signal. In addition to that, the pair is less likely to move to the 1.3993 level today as it failed to do so on the major news releases today. This presents a nice short opportunity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
