This is a follow up to the trade idea posted last week and as expected the pair gave 2 sell opportunities from the 1.1620 resistance area during the week. As mentioned in my post of last week, we could see bulls entering from the 1.1620/30 levels and the pair ended the week at this resistance area and now a matter of wait and see. The pair also made a few “bottoms” at the 1.1510 support zone that is clearly visible on the H1 chart, so the pull-back comes as no surprise. I will continue looking for sells from the 1.1620 area or traders can wait for a close below support near 1.1510/20.


Source: MARYNA

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