This zone was a strong support previously and now it will be a resistance.
The RSI is extremely oversold. I expect this pair to retrace.
My stop loss will be slightly above 1.80000
My first target will be at 1.74000
Second target will be at 1.72000
Trade closed manually:
I suggest to close this trade manually. It seems like the pair is forming a pennant bullish pattern. so I will wait for the bullish breakout and buy.
I will publish a separate idea for this pair.