The pair has created an opportunity for a sell trade. We saw an impulsive move to the downside and a beautiful retracement. Now we see the pair respecting the Fibonacci level and also breaking the short term uptrend formed during retracement. Additionally, we see on the daily chart that the pair just broke out of a range.
In our opinion, we should see a move to the downside. We suggest you take this trade only if it satisfies your trading strategy.


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