Price is still contained bellow 1.5500 resistance area, but we have broken that trend line again.
Upper Bollinger band on daily chart was not broken yet, stochastic is in overbought territory and it is not falling yet. All moving averages except 200 EMA are bellow the price right now. So for me to trade this pair conservative, will be to wait that price come into marked circle spots. On the other side, don’t forget that weekly trend is still down on this pair, so price could also head back down from 21 EMA and middle Bollinger band on weekly chart.
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