It seems to me that recent bull run is not very well supported by institutions. Considering their positioning (shorts prevail) and changing retail bias to longing this pair, I suggest some possibility of downside movement to 1.057 or lower.
Just don't see how we can go higher in this environment.
Good luck.
Just don't see how we can go higher in this environment.
Good luck.
Trade active:
Opened some short positions at 1.07 and 1.067. Looking for adding some more if/when reaching 1.062.
Trade closed: stop reached:
Closed at 1.073