The circled area is my main area of interest as the market opens. The ongoing short is till supported by the inner trendlines and the 100 MA.
However, as we get nearer the 50 MA and the supply zone not far away the price migth push on south just as a bounce could lurk around the corner.
Trade it on the 60 min (or lower) and let the inner trendlines and supply and demand zones be your main guidance to cash in on this pair again this week. A larger move wont happen until the price breaks either zone on the chart. A range play seems likely.
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FOREXEL
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fair enough...give or take a few pips.. seems i was rigth again