The current level (1.1110) is close to 50% Fib retracement from the 1.1620 top and the daily is forming a divergence. These conditions should further support the short term correction.
Bulls would have to wait for the price to form a reversal before long positions might be entered.
See the price printing higher high on 30min charts (above 1.1250) and let is retrace back towards 1.1190 area. This would be a great place
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