Trading recommendations for the pair.
1st scenario: Long at 1.1770 support line (weekly still bullish since we are still in the higher lows pattern), with Stop loss just below the line and first target at 1.200
2nd scenario: Short below the orange line on a break below it (which turns it to a resistance) with stop loss just above it. First target at 1.1700 and second one at 1.1600
1st scenario: Long at 1.1770 support line (weekly still bullish since we are still in the higher lows pattern), with Stop loss just below the line and first target at 1.200
2nd scenario: Short below the orange line on a break below it (which turns it to a resistance) with stop loss just above it. First target at 1.1700 and second one at 1.1600
Ramzi Abou Abdallah, CFTe, CMT
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