The pair is trading @ 1.3852; yesterday it went down from 1.4000 area to 1.3740 area; it is a movement of 240 pips; during the night than it recover some 100 pips; or or 23% if we consider this movement started at 1.4100; the 4H chart shows the RSI @38; si bearish and the stochastic in up movement; the rate is trading in the lower bollinger band; NOW, I think the bear is back; a first resistance is @ 1.3870 area and a stronger one is @ 1.4000-1.4020 area; on the other side we have a support @ 1.3730 area and @ 1.3600 area; so if the bear will disappear may be painful;
here are some support and resistance:
R3 1.4384; R2 1.4124; R1 1.3988; S1 1.3728; R2 1.3604; R3 1.3344.
my trading plan:
I will sell 2x unit now @1.3857;
sop loss 1.3900;
target 1.37 area and lower for the second unit;
have a good trading day
:D
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