In such a tight market, playing a rotational strategy is a good way to rack a few pips. A buy from above daily support at 1.1657 is a positive entry to the bull. A modest profit target of 10-12 pips is ideal, using a 1:1 risk vs reward ratio.
This trade idea will remain valid for the next 48 hours.
A long play for a modest profit target is not a bad setup at all given the rotational nature of this market. Keeping the potential downside small is ideal, especially amid the ultra-tight price action. In the event that today's range extends to the entry point of this trade, it will be oversold on smaller time frames, further increasing the odds of a positive bump north from just above the 1.1650 handle.
Thanks for reading and best of luck during today's session.