The existing market direction on the lower time frames being in a downtrend shows signs of price possibly moving to around the 1.6070 price area. The potential setup remains valid as long as price remains below the 1.6190 price area.
Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.
Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.
Trade closed: target reached