Pair is testing monthly support at 0.7050 once again.


We are in a strong down trend, so trend traders should look for short entries only. I would like to present you long option in this post. When looking 1h chart, we can see nice bullish divergence.


Support 0.7050 was tested few times already. Aggressive traders could throw long order blindly at support 0.7500. Those who want a bit more evidence and are more conservative, could wait that price start to make HH and HL on 1h chart already. I marked both possible entries on chart.
There is no red UK news ahead of us, in EU we have German Prelim GDP q/q news.

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