Price failed to close below 1.079xxx on a daily candle and on 4 hr we have a double bottom, after some sideways choppy move it seems like price can head north and try the 1.09xx figure . Hence i would try a long around 1.082-1.083 area with a stop loss below 1.078xx on daily candle closing basis. I favor short in general , would switch to short when price attacks the top of the weekly channel 1.097xx
Comment:
weekly channel
Comment:
Price barely touched 1.089xx levels and crawled back as federal reserve chairman rejected the idea of negative interest rates for now
