The questions is, if price has not moved lower, will it rise to a resistance level near 1.1400? We have confirmation from MACD and RSI that price has bounced from a support level and Bollinger Bands. And we can think about long trades on hourly charts. ADX still rises and it's better to wait for the reversal. If price can't move below the support level, we'll have good entry levels for long trades.
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