The 1 hour is up against 1.0868 low. Near-term, while dips remain above 1.0868 low expect pair to extend higher for few more highs before it finished correcting the cycle from 3/09/2020 peak in a zigzag structure & resume the downside. We prefer selling the bounce in 3, 7 or 11 swings at the extreme area when seen ( see 4hr chart).
Short term Trade
Long @1.1180-50
Target: 1.1300
Stop loss: 1.1120
Good luck !
Short term Trade
Long @1.1180-50
Target: 1.1300
Stop loss: 1.1120
Good luck !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.