Inputs : - daily/weekly close was under 1.1802 (providing support for a 6 straight trading days) - bearish. - failed to provide reversal at first level at 1.1749/51 - bearish. - market imo mostly short USD ag XXX - bearish. - overall situation on financial markets bad while they are on historical highs - bearish. - technically we have opportunity to buy at 1.1699 with tight stop/reverse order - bullish short term (expected max. target 1.1801) scalp only! high risk! not 2 everyone!
Conclusion: We need to watch 1.1699 support closely first, any hourly close below is bearish, any 15min close above slightly bullish.
Trade safe and wise.
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Not legal and financial advice; Any information provided here is only the personal opinion of the author.
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So, 1.1699 holds pips in pips and common currency shows resilience. Closed my shorts in this pair, will try to sell a bit higher around 1.1756 approximately. Still waiting for lower levels before minor turn to the upside. Trade safe and wise.