is still in bearish trend
, but some indicators and the change in Ichimoku
components on 4 Hrs
chart suggest we likely saw the interim bottom at 0,8700, and that a bounce is coming from here. Will it be enough for a trend reversal? It is early to determine. For those who are still short on this pair I recommend to take profit, not much more upside for keeping that risk. For those who love to bottom fish, buy 1M zero cost risk reversal options (short OTM Put, long OTM call premium neutral) Is my recommendation, but going long outright still not very safe.
of the bounce is 0,8800-0,8835