Daily clean chart clearly shows us that we are in an uptrend channel.


Yesterday candle broke 1.52, but then price came way down. So this give us a think that higher prices are not supported right now. Today price already retested 1.52 again and went down. So I see possibility for a counter trend trade from where we are right now till 1.4780, so for round 150 pips. To look for an entry, we could move down to 4h or 1h chart. If price after a fall will not be supported there at 1.4980, we could even go a bit lower to MPP at 1.4900 or even WPP a bit lower.


This will also be vicinity of lower channel boundary, where we could start another phase 1 (p1) of an uptrend.

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