The pair remains in a downtrend and overall bearish, but I see a potential counter-trade opportunity. This could set up as a “buy to sell” scenario. I’ll be watching for a possible bounce toward the upside before resuming shorts. First area of interest is around the 0.8100 level, where I’ll wait patiently to see how price reacts.
Trade closed: target reached
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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.