An update on my previous chart. Monday we saw a huge red candle with a large body and a wick upwards but closed at the bottom with no protruding wick. This is actually a good sign because we got higher highs and lower lows. It went well over 20-pips from the closing of last friday if u decided to go for a short day trade. Tuesday, although a green candle, in my opinion it was a lower high and lower low, but the support at 1.307 proved to be strong as the price bounces back to close at 1.311. Wednesday, 18th April, smallest price range traded as compared to the past few days. Expect a larger swing in either direction before closing. My take in the first post stands.
DYOD!
DYOD!