We can expect bounce up from fib 0.5 level up to 0.382 where also bollinger middle band will be touch. This gives us a great place to put in short position with target around support line at 1.2260
Have a nice weekend.
Trade active
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Holding short from one week ago, it's have been lot of ups and downs.
Sorry, I see now that I choose Long position for this. It's a misstake. I see this as short in long run. Long in short run. I personally are looking only for shorting.