I am currently holding shorts on this pair. We have had a nice corrective structure on the 4H and a retracement and rejection off the 61.8 fibonacci level. We have also broke back below and retested 1.40500 monthly support level
as well as broke the counter TL on the 4 hour. Currently seeing a small area of consolidation on the 1H time frame before i expect significant short bias.
Targets at 1.37250 and stops at 1.40750 (just above monthly support) - lets see how this one plays out!
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