We have now seen price run into a strong resistance and psychological level at 1.0750 which dates back to 2015.
If we see a break and retest of 1.0750 i will be looking for opportunities to take this pair long back into resistance dating back to 03.05.2016
If we see a strong reversal signal on the Daily & 4hr TF i will be looking to take this pair short looking to retest 1.0550
I will be updating this pair throughout the week.
Or a false breakout / bull trap.
Our pending orders are still in place to take this pair long.
Hope you have a good week.
If however it fits your rules then take the position :-)
Just long if it meets my rule to do so this evening.