Looking to take shorts on break of 1.5400's. We can ride price to the intermediate price of 1.5360's, with potential to go further down, with ease. We will see.
Intraday traders might trade this on smaller time frames, take profit at minimum target wait for a pullback and go short again.
Best of luck,
It could shoot up but has some herculean lifting to be done, to get it above the massive resistance and confluence of make or break levels right above the last weekly bar's high.
There's an active time at mode downtrend too, 10 week signal, still valid and aiming much lower.
I'll join you on the short side if we get the proverbial drop under the low.