I have 2 scenarios what to do at this moment.
1. Open sell after fake broke of 1.1422
2. Open buy if the price will break up 1.1422 and 1hour candle will close above it.
I always trade near key levels because near them I can set proper S/L.
After 100 like I will do all updates and will write S/L and T/P points it there will be an entry.
You can hold a sell position.
I wrote my 2 scenarios. I am a trader and I always have different plans what to do if the price will change something.
How long are you in trading?
Currently, stoch oscillation divergence is indicating DXY bears are winning against Euro bulls.
If at 10 am eastern time, the news is positive for dollar, then the current divergence taking place against slow stoch oscillators trying to move price back up to your key sell zone of 1.4222 might not happen at all.
It's my opinion that sometimes these mini trade range S/R zones need some positive or negative news to help finally push the market out of it.
But I'm just learning still